Apr 6, 2017

ChemChina moves step closer to acquiring Syngenta

ChemChina and Syngenta have received approval from the U.S. Federal Trade Commission and the European Commission for the proposed acquisition of Syngenta, a global crop solution company, by ChemChina.

The companies have also received approval from the Comisión Federal de Competencia Económica in Mexico (COFECE) for the proposed acquisition.

Both approvals represent a major step toward the closing of the transaction, which is expected to take place in the second quarter of 2017, according to the companies.