SYT Syngenta Ag (delisted)

By Brian Blackstone

ZURICH--Swiss seed and pesticide company Syngenta AG (SYNN.EB) said Monday that "constructive" discussions with European Union regulators over its proposed purchase by China National Chemical Corp. are ongoing and that an update on the talks will be issued Tuesday.

"Constructive discussions with the EU are ongoing. Syngenta will issue an update on the progress of the ChemChina transaction with its third-quarter trading statement" on Tuesday, the company said.

In February, Syngenta agreed to be acquired by ChemChina for $43 billion in cash. The deal faces regulatory reviews particularly in regions with large agriculture sectors, including the EU, U.S. and Brazil.

-Write to Brian Blackstone at brian.blackstone@wsj.com

(END) Dow Jones Newswires

October 24, 2016 04:33 ET (08:33 GMT)

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