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China approves 20 M&A deals, including INEOS stake buy in Shanghai SECCO Petrochem
2022.11.22 23:04
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© Reuters. FILE PHOTO: A logo is pictured in the headquarters of INEOS chemicals company in Rolle, Switzerland, November 13, 2017. REUTERS/Denis Balibouse
BEIJING (Reuters) – China’s market regulator on Wednesday approved 20 merger and acquisition transactions without conditions, including INEOS Co.’s acquisition of Shanghai SECCO Petrochemical’s stake, according to a statement on its website.
In July, China’s Sinopec (OTC:) Corp announced a string of deals with UK-based chemicals and energy group INEOS, including the sale of a 50% stake in Shanghai SECCO Petrochemical for 10.5 billion yuan ($1.56 billion).
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