Reliance Industries (RIL) is close to acquiring REC Group, the largest solar panel manufacturer in Europe, for $1-1.2 billion from China National Chemical Corp (ChemChina), said people aware of the matter. The purchase...
ChemChina buys Gazprom Neft’s first Arctic oil cargo for China: sources
Russia’s Gazprom Neft has sold its first ever Arctic oil cargo to China to ChemChina, two sources familiar with the deal told Reuters on Thursday. This week, Gazprom Neft said it had sent 144,000 tonnes of light Novy...
ChemChina, Sinochem merge agricultural assets: Syngenta
ChemChina and Sinochem are consolidating their agricultural assets into a new holding company to be called Syngenta Group, ChemChina unit Syngenta said on Sunday. Chen Lichtenstein, current president and CEO of Shenzhen...
China’s ChemChina, Sinochem set to merge – Caixin
Chinese state-owned Sinochem and ChemChina will merge to create a new company, to be headed by Sinochem chief Ning Gaoning, financial publication Caixin reported on Saturday, confirming an earlier Reuters report...
Bank of China main backer as ChemChina raises $20 billion for Syngenta deal
ChemChina has raised $20 billion mainly in perpetual bonds to finance its purchase of Swiss seeds firm Syngenta (SYNN.S), with Bank of China becoming the single largest investor providing half of that funding, according...
As Syngenta deal closes, ChemChina and Sinochem press $120 billion deal: sources
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...
ChemChina clinches landmark $43 billion takeover of Syngenta
ChemChina [CNCC.UL] has won more than enough support from Syngenta shareholders to clinch its $43 billion takeover of the Swiss pesticides and seeds group, the two companies said on Friday. The deal, announced in...
ChemChina, Syngenta win U.S. antitrust approval for deal
The China National Chemical Corp, or ChemChina, has won U.S. antitrust approval to buy Switzerland’s Syngenta AG (SYNN.S) on condition that it divest three products, the Federal Trade Commission said on Tuesday...
Syngenta sees ChemChina takeover closing in the second-quarter
Swiss pesticides and seeds group Syngenta (SYNN.S) pushed back the expected closure of its agreed $43 billion takeover by ChemChina [CNNCC.UL] to the second quarter of 2017, but said it was making progress in winning...
EU set to approve ChemChina’s $43 billion bid for Syngenta: sources
ChemChina [CNNCC.UL] is set to secure conditional EU antitrust approval for its $43 billion bid for Swiss pesticides and seeds group Syngenta (SYNN.S), the largest foreign acquisition by a Chinese company, two people...
EU regulators delay ChemChina/Syngenta merger decision to April 12
European Union antitrust regulators have extended the deadline for a decision on ChemChina’s proposed buy of Swiss pesticides and seeds group Syngenta by 10 working days to April 12. Syngenta said in a statement...
ChemChina setting up $5 billion fund to help finance Syngenta bid: Basis Point
China National Chemical Corp (ChemChina) is setting up a fund that will aim to raise $5 billion to help finance its purchase of Swiss seeds group Syngenta (SYNN.S), two sources with direct knowledge of the matter told...