EU okays Syngenta- ChemChina mega deal: HumSub.TV
EU okays Syngenta- ChemChina mega deal: HumSub.TV: EU antitrust authorities on Wednesday cleared state-owned ChemChina’s 40-billion-euro ($43-billion) takeover of Swiss seeds giant Syngenta, the biggest ever overseas acquisition by a Chinese firm.
“ChemChina has offered significant remedies, which fully address our competition concerns. This has allowed us to approve the transaction,” EU Competition Commissioner Magrethe Vestager said in a statement. The decision followed the greenlight on Tuesday by Washington, all but sealing the buy-out despite growing resistance in the US and Europe to blockbuster takeovers by Chinese companies.
The deal combines Syngenta, a global leader in seeds and crop protection, with ChemChina which controls Adama, the largest supplier of generic crop protection products in Europe. The merger is part of a broader wave of consolidation in the agro-chemicals sector that has worried environmental activists and farmers.
The EU last week approved the $130-billion merger of US agro-chemicals giants Dow Chemical and DuPont and it will also decide on German giant Bayer’s $66-billion offer for US firm Monsanto. The Commission said that ChemChina had satisfied its competition concerns with the sale of “a significant part of Adama’s existing pesticide business.”
This, along with other divestments, “will ensure that effective competition is preserved in pesticide and plant growth regulator markets after the takeover,” it said.
The US Federal Trade Commission had given its go-ahead to the buyout by China National Chemical Corp on the condition that it stopped producing three pesticides to avoid monopoly conflicts. Given the global scope of the deal, the Commission said it had cooperated closely with other competition authorities, notably in the United States, Brazil and Canada.
EU okays Syngenta- ChemChina mega deal: HumSub.TV
About HumSub TV
Introduction
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.
HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.
Vision
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.
Mission
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.
HumSub TV’s Theme
HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.
HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism. It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.
Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.
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