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Regulators Approve ChemChina-Syngenta Deal

The Federal Trade Commission has approved ChemChina’s purchase of Syngenta. The decision comes with the call for ChemChina to divest of three pesticides that have overlap between Syngenta and ChemChina. Those products include the burndown herbicide, Paraquat. The divestiture also includes a fungicide used mainly in potatoes and peanuts and an insecticide used in citrus and tree crops. The decision by U.S. regulators is an important step. It leaves the European Union as the only major hurdle for the ChemChina-Syngenta deal. ChemChina is paying $43 billion for Syngenta.