Johnson Matthey (LSE:JMAT) has secured Chinese regulatory clearance for the sale of its Catalyst Technologies business to Honeywell International, removing the final condition to the transaction.
The State Administration for Market Regulation in China granted its approval on 3 July, with Johnson Matthey confirming that all conditions to the deal have now been satisfied.
The two companies are working toward completion, which is expected no later than the end of August.
