ChemChina's takeover 'poses no security issues'

Swiss agriculture company Syngenta AG said on Friday that its planned sale to State-owned conglomerate China National Chemical Corp poses no food safety or national security issues. The company was responding to US lawmakers after they raised concerns over the $43 billion takeover.

"We welcome a full review of the transaction by the US government and will continue to work closely with all of the agencies as we move forward in the review process," a Syngenta spokesman was quoted as saying by newswire Dow Jones.

"We do not believe the proposed transaction raises any food safety or significant national security issues."