ChemChina: Syn­genta ap­pli­ca­tion ac­cepted

New Straits Times - - Business World -

ChemChina said yes­ter­day Bei­jing had ac­cepted its ap­pli­ca­tion for reg­u­la­tory ap­proval of its US$43 bil­lion (RM191.3 bil­lion) takeover of Syn­genta on Fe­bru­ary 9. Ear­lier, Gao Hucheng, who re­tired as com­merce min­is­ter two weeks ago, said the gov­ern­ment had not re­ceived a for­mal fil­ing for China’s largest over­seas ac­qui­si­tion. ChemChina spokesman Ren Kan de­nied this, say­ing the com­pany had sub­mit­ted the ap­pli­ca­tion and the min­istry had ac­cepted it.

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