EU extends scrutiny of Syngenta/Monsanto deal
The European Commission has extended its deadline for a decision on competition aspects of Syngenta’s acquisition of Monsanto’s global sunflower seed business. The deadline has been extended for a month to November 25th 2010, while the Commission considers modifications that may have to be made to comply with EU competition law. Commitments have been received from the companies, it says. The investigation was requested by the Spanish and Hungarian competition authorities in 2008, due to concerns over reduced choice and higher prices for sunflower seed and seed treatment products ( Agrow No 595, p 6).