The two Chinese chemical companies are in discussions to create the world’s largest chemical group.
Two Chinese chemical companies are in discussions to create the world’s largest chemical group, according to an article from CityA.M. A long-rumored merger between ChemChina and Sinochem will reportedly take place next year. ChemChina will also complete a $43 billion deal with Switzerland’s Syngenta later this summer.
The agro-chemical industry has seen its share of mega-deals over the past year. Dow and DuPont are expected to close their $130 billion merger in August, according to the article, while Bayer is aiming to complete its acquisition of Monsanto by the end of the year.
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