Friday, 20 July 2018 - 11:06
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ChemChina

Joint chairman appointed for Chinese groups Sinochem and ChemChina

A report published today has announced that Ning Gaoning, top Chinese chemical company Sinochem Group’s current chairman, will also become chairman of big Chinese competitor ChemChina. This is a clear indication that the Chinese government is willing to merge the…

News hint at $120bn-worth Sinochem-ChemChina corporate merger

According to news spread yesterday by Chinese media, China’s chemical titans Sinochem and ChemChina are likely to merge, thus creating a $120bn-worth company. It is important to note that such a merger could also be approved by Chinese government, since…

ChemChina, Sinochem seek merger to create a 100 billion dollar group

The two China-based chemicals giants ChemChina and Sinochem are reportedly planning to merge, creating the world’s largest chemicals group with $100bn of revenues. The merger is politically driven, like the recent ChemChina’s $43bn purchase of Syngenta, people familiar with the…

Syngenta-ChemChina, first friction with European antitrust Authorities

Syngenta’s shares dropped by nearly 9% (Zürich) when markets opened due to reported friction between European antitrust Authorities and ChemChina, which acquired Syngenta for $44bn. Apparently, ChemChina was due to provide information to such Authorities, including concessions to facilitate the…