The parties confirmed on Wednesday (25) they had received “all necessary regulatory approvals” in the US and China for the planned acquisition.

The Committee On Foreign Investment In The US has cleared the transaction after the companies received notice from the US Federal Trade Commission of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.

China’s leading economic planning agency the National Development and Reform Commission has also given its blessing to Wanda to proceed, as have China’s Ministry Of Commerce and State Administration Of Foreign Exchange.