Sinochem unit says has no knowledge of merger with ChemChina

Sinochem unit says has no knowledge of merger with ChemChina
 

Sinochem International Corp, a unit of state-owned Sinochem Group, said on Monday it has received no information regarding a proposed merger of its parent company with rival ChemChina.
The two state-owned chemical companies are in discussions about a possible merger to create a chemicals, fertiliser and oil giant with almost $100 billion (82.2 billion pounds) in annual revenue, three sources familiar with the matter told Reuters last week.
"Until now, this company's controlling company Sinochem Group and controlling shareholder Sinochem Group nor this firm have received any written or... read more

 
17 October 2016 in Business, Views: 54
Source: Reuters
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