Switzerland: $ 43 Billion Transaction Deal Between Chem China and Syngenta Receives Clearance
China National Chemical Corporation (Chem China) and Syngenta have received clearance on their proposed transaction from the Committee on Foreign Investment in the United States (Cfius).
Beijing/China and Basel/Switzerland — In addition to Cfius clearance, the closing of the transaction is subject to anti-trust review by numerous regulators around the world and other customary closing conditions. The proposed transaction of $ 43 billion is expected to close by the end of the year.ChemChina, which is headquartered in Beijing, China, possesses production, R&D and marketing systems in 150 countries and regions. It is the largest chemical corporation in China, and occupies the 234th position among the Fortune 500.