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


BEIJING : 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 Corp announced a string of deals with UK-based chemicals and energy group INEOS, including the sale of a 50 per cent stake in Shanghai SECCO Petrochemical for 10.5 billion yuan ($1.56 billion).

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