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In China, according to a news article, a mega-merger with a new chemical giant: the two state-owned companies Sinochem and ChemChina want to merge into a world leader in industrial chemistry, as reported Saturday the publication financial "Caixin".
The new company of about 120 billion of the boss of Sinochem Ning Gaoning should be directed. However, there is still no concrete framework on how the merger should unfold. Sinochem did not want to comment on the fact that its competitor Chimchaina, who had bought last year 43 billion, had no opinion on the Swiss agrochemical group Syngenta . Reject the rumors. Reuters reported last year that the two companies had stepped up negotiations around May after the competition authorities approved the Syngenta acquisition by ChemChina. For the Beijing government, an agreement of Sinochem and Chemchina is a plan for the planned consolidation of the industry, which is overrun with overcapacity and high debts.
(sda / mlo)
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