Deals

ChemChina Acquires 12% Stake in Swiss Commodity Trader Mercuria

Investment paves way for further energy expansion: ChemChina
Mercuria investment latest in wave of China commodity deals

A bucket wheel excavator loads coal onto a conveyor belt in Indonesia
Photographer: Dadang Tri/Bloomberg

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By Andy Hoffman and Javier Blas

January 18, 2016 at 10:13 AM UTC

This article is for subscribers only.

China’s largest chemical company acquired a 12 percent stake in Mercuria Energy Group Ltd., giving the Swiss commodity trading house better access to the world’s biggest market for raw materials.

Through the investment in Mercuria, “ChemChina will expand further into the energy sector," China National Chemical Corp. Chairman Ren Jianxin said in an e-mailed statement on Monday. “Mercuria has growth opportunities ahead in China and around the world.”