Merger and acquisition M&A letters on blocks pichet_w/iStock/Thinkstock
M&A or Merger and Acquisition text on black block

ChemChina wins both U.S., EU approval for Syngenta acquisition

Countries requiring different set of divestments for approval.

Both the U.S. Federal Trade Commission (FTC) and the European Commission have given China National Chemical Corp. (ChemChina) and Syngenta AG the green light for ChemChina's proposed $43 billion acquisition of Syngenta. However, both countries are required to divest some assets in order to gain the approval.

In a joint statement, the two companies said the decisions represent “a major step towards the closing of the transaction, which is expected to take place in the second quar

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