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ChemChina wins U.S. approval for Syngenta takeover

FTC requires Syngenta to divest three types of pesticides to avoid anti-competitive issues.

The Federal Trade Commission (FTC) has given its stamp of approval for China National Chemical Corp.'s (ChemChina) $43 billion purchase of Swiss global agricultural company Syngenta AG. The approval brings the merger one step closer to the finish line, which is anticipated by late June.

The two companies have agreed to divest three types of pesticides so that the proposed merger would not harm competition in several U.S. markets.

According to a

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