Tuesday, 24 April 2018 - 0:17
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Sinochem

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…