U.S. watchdog clears ChemChina’s $43-billion acquisition of Syngenta

The approval removes a major potential hurdle for a deal that would be China’s biggest overseas purchase of all time From Caixin Online (Beijing) – China National Chemical Corp., also known as ChemChina, said the U.S. national security regulator has cleared its US$ 43 billion acquisition of Swiss agrochemicals giant Syngenta AG, removing a potential obstacle for China’s biggest-ever purchase of a foreign company. China’s largest pesticide producer said on August 22 that the acquisition was approved by the Committee on Foreign Investment in the United States (CFIUS), an interagency committee that reviews cross-border deals for national security risk. The Swiss pesticide and seed company generates about one-quarter of its sales in North America, according to the company. The acquisition […]