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ChemChina's takeover of agriculture giant Syngenta gets EU nod

Acquisition is one of 3 proposed mergers in a global race seeking greater influence over the world's food supply

By clearing the deal with European Union (EU) regulators, China National Chemical Corp is close to the US$43 billion takeover of Syngenta, the Swiss farm chemical and seed company.


THE Chinese government wants to make sure its food supply is reliable and safe as it works to feed a rapidly growing middle class. So it was a coup on Wednesday when a Chinese company won approval to take over one of the world's largest suppliers of seeds and pesticides.


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