China approves 20 M&A deals, including INEOS stake buy in Shanghai SECCO Petrochem

China approves 20 M&A deals, including INEOS stake buy in Shanghai SECCO Petrochem

China’s market regulator on Wednesday approved 20 merger and acquisition transactions without conditions, including INEOS Co.’s acquisition of Shanghai SECCO Petrochemical’s stake, according to a statement on its website.

In July, China’s Sinopec Corp announced a string of deals with UK-based chemicals and energy group INEOS, including the sale of a 50% stake in Shanghai SECCO Petrochemical for 10.5 billion yuan ($1.56 billion).

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