EU clears ChemChina-Syngenta deal

|About: Syngenta AG (SYT)|By:, SA News Editor

Bringing China's largest foreign acquisition closer to the finish line, ChemChina has won EU antitrust approval for its $43B takeover of Syngenta (NYSE:SYT), a day after the U.S. cleared the deal.

It's conditional on ChemChina's offer to divest "a significant part" of its Adama unit's pesticide business, a plant growth regulator and some of Syngenta’s pesticides along with related assets and personnel.

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