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US: Agriculture official looking into Syngenta’s China bid

 |  February 24, 2016

The US’s top agriculture official has raised concerns over a $44bn Chinese bid for Swiss seeds and chemicals group Syngenta, saying he is worried about the impact it may have on how Beijing approves US-made genetically modified organisms and on global food security.

The bid unveiled this month by state-owned conglomerate ChemChina for the Swiss group is set to be the largest overseas investment made by a Chinese company and is seen as a strategic play by Beijing to shore up its food security and bolster its access to leading agricultural technology.

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