The US government committee responsible for clearing or blocking foreign investment into the country has approved ChemChina’s $44bn takeover of Swiss agrobusiness company Syngenta.
The Committee on Foreign Investment in the United States cleared the deal on Monday, according to a statement from Syngenta, making way for China’s biggest-ever outbound transaction d.
The deal would still face scrutiny from other regulatory bodies but clearing the CFIUS review, which has killed other cross-border Chinese deals this year, was seen as the biggest hurdle to completing the landmark transaction.
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