One of the biggest announced mergers in the global ag sector is taking a big step towards completion.
According to Reuters, ChemChina is close to receiving approval for its purchase of Syngenta from the European Union.
ChemChina made a $43 billion offer for the Switzerland-based seed and chemical company. If the merger is approved, Syngenta would be the largest foreign acquisition by a Chinese company.
Reuters also reports ChemChina has agreed to some concessions to alleviate concerns of the European Commission.
The commission is expected to make a formal announcement in March.