Chemical China: What a Mega-Merger May Mean for Business
European stocks gained while the yen fell as signs of stabilization in China’s economy boosted investor appetite for riskier assets. China is planning to merge Sinochem Group and China National Chemical Corp. as the government continues its overhaul of state-owned enterprises, according to a person familiar with the matter. Details of the deal, which would combine two companies with assets of more than $100 billion, weren’t immediately clear and the plan is still subject to change, the person said, asking not to be identified because the transaction hasn’t been publicly announced. State Street Global Advisors Chief Executive Officer Rick Lacaille discusses with Guy Johnson and Caroline Hyde on "Bloomberg Markets: European Open."
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