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ChemChina to buy Syngenta for $43bn

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Syngenta's headquarters in Basel, Switzerland   © Reuters

BEIJING -- ChemChina, a major Chinese state-owned chemicals company, said Wednesday it will acquire Swiss agrochemical giant Syngenta for over $43 billion (5.16 trillion yen). The deal will be the largest overseas acquisition by a Chinese company.

     ChemChina aims to tap the Swiss company's expertise in agrochemicals and seeds. Syngenta is the world's largest player in the industry.

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