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SinoChem and ChemChina to merge, create biggest industrial chemicals firm

Announcements due after ChemChina completes its own $43 billion purchase of Switzerland's Syngenta

Reuters  |  Hong Kong/Beijing 

Chinese state-owned Sinochem and ChemChina are in merger talks to create the world's biggest industrial chemicals firm, to be headed by Sinochem chief Ning Gaoning, four people with knowledge of the negotiations said. A deal could be announced by the end of the year, the people said, potentially just months after ChemChina completes its own $43 billion purchase of Switzerland's Syngenta, China's biggest overseas deal to date. A consolidation of Sinochem and ChemChina would be worth around $120 billion, one of the people said, topping companies like industrial ...

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First Published: Tue, May 23 2017. 16:56 IST
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