A
national security panel in the United States has cleared ChemChina's $43
billion takeover of Syngenta.
That
increases the likelihood that China’s largest foreign purchase will go through.
The
two companies reached a deal in February.
Syngenta
has not said whether it offered concessions to win approval from the U.S. national
security panel.
While
China is winning on this deal, last week it lost in a bid to buy a major
electricity company in Australia. The country nixed the deal on the basis of
national security.
