The massive takeover would be the biggest in a recent spate of Chinese overseas acquisitions and has drawn considerable attention from global regulators.
The ChemChina-Syngenta pact has been cleared by the United States and Japan, but on Friday the European Commission opened an in-depth investigation into the 40-billion-euro deal.
“Extensions to the tender offers are expected to occur until all conditions to the offers are satisfied, including obtaining all applicable regulatory approvals,” ChemChina said in a statement.
The terms of the deal “remain unchanged”, it added.
The January 5th extension looked set to be another stop-gap as Brussels has said its probe will run until mid-March.
Syngenta is a global leader in seeds and crop protection.
ChemChina describes itself as China's largest chemical company. It also controls Adama, the largest supplier of generic crop protection products in Europe.
CHINA
China extends Syngenta offer after EU opens investigation
China's state-owned chemical corporation (ChemChina) said on Tuesday that it had extended its $43 billion offer for Swiss seed giant Syngenta until January 5th, after EU regulators announced they would probe the deal.
Published: 2 November 2016 08:25 CET
Photo: Fabrice Coffrini/AFP
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