ChemChina completed the acquisition of a 12% stake in Mercuria.

ChemChina, a chemical group, completed the acquisition of a 12% stake in Mercuria, an independent integrated energy and commodities company. Financial terms were not disclosed. "Through the investment in Mercuria Energy Trading, which has grown rapidly over the last decade, ChemChina will expand further into the energy sector. Mercuria has growth opportunities ahead in China and around the world. We highly respect and trust its outstanding management team. We look forward to working with its management and employees," Ren Jianxin, ChemChina Chairman.