ChemChina gets US nod for takeover

$43 billion deal to acquire chemical company Syngenta expected to close by end of year

China National Chemical Corp on Monday received approval from US national security officials for its $43 billion takeover of Swiss chemical company Syngenta AG.

The Committee on Foreign Investment in the US has cleared the transaction, the companies said in a statement. The deal, expected to be completed by the end of the year, is still subject to antitrust review by regulators worldwide, according to the statement.