Mexican Competition Authority Approves Acquisition Of Syngenta By ChemChina

(RTTNews) - China National Chemical Corp. or "ChemChina" and Swiss global agricultural company Syngenta AG (SYT) said Monday that they have received approval from the Comisión Federal de Competencia Económica in Mexico (COFECE) for the proposed acquisition of Syngenta by ChemChina. This represents a further step towards the closing of the transaction, which is expected to take place in the second quarter of 2017.

The ChemChina-Syngenta transaction will ensure continued choice and ongoing innovation for growers around the world.

Last week, ChemChina and Syngenta received approval from the US Federal Trade Commission (FTC) and European Commission for the proposed acquisition.