ChemChina’s $43 billion planned takeover of Swiss pesticides and seeds group Syngenta has received approval from China’s Ministry of Commerce (MOFCOM), the two companies said on Wednesday.
“This represents a further step towards the closing of the transaction, which is expected to take place in the second quarter of 2017,” they said in a statement.
China’s approval comes without any conditions, Syngenta said in an email.
The deal still requires regulatory approval from India after US and EU competition authorities gave conditional approval last week and Mexico’s anti-trust commission did so this week.
Full Content: Reuters
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