ChemChina is ready to make further concessions to meet EU anti-trust stipulations and complete its $43bn takeover of Syngenta, according to a source close to the deal.

On Tuesday, a source in Beijing told news agency Reuters that ChemChina is ready to take further steps after the EU Commission announced on Monday that he Chinese state-owned chemical company had not made adequate concessions in its plans to acquire seeds and chemical giant Syngenta, raising the prospect of a probe by the EU’s competition watchdog.

According to Reuters’ source, ChemChina proposed divesting $20m worth of assets from its agchem subsidy Adama, but the Commission felt this was inadequate.

Though a deal between Syngenta and ChemChina was struck in February this year, it now looks as though the takeover won’t be completed until early next year, as Syngenta has confirmed that EU regulators have requested a large amount of information in the wake of a meeting with the companies’s representatives last week.