Two major hurdles were overcome by Syngenta and ChemChina’s $66 billion merger deal, according to CNN Money’s Alanna Petroff. Both the European Commission and the U.S. Federal Trade Commission approved the deal with some stipulations.
In order to prevent ChemChina from holding too much power in the world chemical market, it will be required to sell some of it assets to a rival and at least three of its businesses for the U.S. Federal Trade Commission.
The deal still needs regulators in China, India and Mexico to sign off before it can go through.
