Environment & Energy Report

China Near Megamerger of ChemChina, Sinochem Group

Dec. 11, 2018, 2:36 PM

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 in the coming weeks, the people said.

It isn’t clear whether authorities have decided when to formally unveil the transaction. If the government opts to take action against ChemChina or any executives following a lethal...

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