ChemChina moves step closer to acquiring Syngenta
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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.