Singapore

China approves 20 M&A deals, including INEOS stake buy in Shanghai SECCO Petrochem

BEIJING : China’s market regulator on Wednesday accepted 20 merger and acquisition transactions with out circumstances, together with INEOS Co.’s acquisition of Shanghai SECCO Petrochemical’s stake, in line with a press release on its web site.

In July, China’s Sinopec Corp introduced a string of offers with UK-based chemical compounds and vitality group INEOS, together with the sale of a 50 per cent stake in Shanghai SECCO Petrochemical for 10.5 billion yuan ($1.56 billion).

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