• A Marriott flag hangs at the entrance of the New York Marriott Downtown hotel in Manhattan, New York November 16, 2015. REUTERS/Andrew Kelly

    A Marriott flag hangs at the entrance of the New York Marriott Downtown hotel in Manhattan, New York November 16, 2015. REUTERS/Andrew Kelly (Copyright Reuters 2016)

  • Traders stand by the post where the stock for Starwood Hotels & Resorts Worldwide Inc is traded on the floor of the New York Stock Exchange November 16, 2015.  REUTERS/Brendan McDermid

    Traders stand by the post where the stock for Starwood Hotels & Resorts Worldwide Inc is traded on the floor of the New York Stock Exchange November 16, 2015. REUTERS/Brendan McDermid (Copyright Reuters 2016)

  • A Marriott flag hangs at the entrance of the New York Marriott Downtown hotel in Manhattan, New York November 16, 2015. REUTERS/Andrew Kelly

    A Marriott flag hangs at the entrance of the New York Marriott Downtown hotel in Manhattan, New York November 16, 2015. REUTERS/Andrew Kelly (Copyright Reuters 2016)

China approves Marriott's deal to buy Starwood

Markets Reuters

Chinese antitrust regulators approved Marriott International Inc's deal to buy Starwood Hotels & Resorts Worldwide Inc , clearing the way for the combined company to become the world's largest hotel group.

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China's Ministry of Commerce (MOFCOM) was the only review pending after the companies secured premerger approvals from more than 40 countries including the United States, the European Union and Canada.

The combined company will have an enterprise value of $36 billion and 1.1 million hotel rooms.

Marriott and Starwood expect the transaction to be completed before the market opens on Sept. 23.

(Reporting by Rachit Vats in Bengaluru; Editing by Maju Samuel)