ChemChina gets EU nod for $57B takeover of Swiss pesticide maker Syngenta one day after U.S. approval

China National Chemical Corp. won European Union antitrust approval for its C$57 billion takeover of Swiss pesticide maker Syngenta AG, a day after the U.S. gave its blessing, bringing China’s largest foreign acquisition closer to the finish line.

ChemChina’s offer to divest some pesticides and other agricultural products will remove “problematic overlaps” and allow the EU to clear the deal, the European Commission said in an emailed statement. EU Competition Commissioner Margrethe...

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