China National Chemical Corporation (ChemChina), through its subsidiary ChemChina Petrochemical Co., Ltd, completed a strategic investment in Mercuria Energy Trading, one of the world’s largest independent integrated energy and commodities companies.
ChemChina will become an important minority investor with a 12 percent stake in the shareholding structure of Mercuria after this transaction.
The investment would add to ChemChina’s portfolio as it continues to expand into advanced chemical materials and specialty chemicals, basic chemicals, oil processing, agrochemicals, tire and rubber products, and chemical equipment. For Mercuria, the investment deepens the company’s already strong ties to China, where it has served as an important energy and commodities partner since the inception of the company.
“An investment by ChemChina in our company reaffirms Mercuria’s business model as well as growth potential,” said Marco Dunand, Chief Executive Officer of Mercuria Energy Group. “ChemChina has important expertise and global reach. Combined with Mercuria’s experience, this will fuel and diversify our natural growth.”
“Through the investment in Mercuria Energy Trading, which has grown rapidly over the last decade, ChemChina will expand further into the energy sector,” said Ren Jianxin, Chairman of ChemChina. “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,” added Chairman Ren.