BEIJING, Nov 23 (Reuters) – China’s market regulator on Wednesday authorised 20 merger and acquisition transactions with out situations, together with INEOS Co.’s acquisition of Shanghai SECCO Petrochemical’s stake, in response to an announcement on its web site.
In July, China’s Sinopec Corp introduced a string of offers with UK-based chemical substances and vitality group INEOS, together with the sale of a 50% stake in Shanghai SECCO Petrochemical for 10.5 billion yuan ($1.56 billion). learn extra
Reporting by Beijing newsroom; Modifying by Muralikumar Anantharaman
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