Deals
China Nears Megamerger of ChemChina, Sinochem Group
- Preparatory work completed for long-awaited combination
- Deal is ready to be announced as soon as the coming weeks
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China is nearing a long-mooted megamerger of China National Chemical Corp. and Sinochem Group after top executives completed preparatory work for the deal, people with knowledge of the matter said.
Significant issues around how the companies will be combined have largely been resolved, according to the people, who asked not to be identified because the information is private. A deal is ready to be announced as soon as the coming weeks, the people said.