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ChemChina expects MAI takeover in weeks

The Chinese state-owned China National Chemical Corporation (ChemChina) expects to finalise the takeover of Makhteshim-Agan Industries (MAI) by October 18th. That follows the EU authorities granting approval of the transaction. That completes the required regulatory approvals for the deal but for “receipt of the merger certificate from the Registrar of Companies”. The parties had agreed an extended deadline for completion of the deal of the end of October ( Agrow No 622, p 2).

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