china national chemical corporation ("chemchina") will increase its stake in mercuria energy group ("mercuria"), while mercuria will invest a minority stake in chemchina's onshore refineries and also increase its stake in chemchina's overseas trading companies.
this transaction is an increase of stake based on chemchina’s initial minority investment in mercuria in 2016. after the deal, the two sides will enhance their cooperation in energy industries.
mercuria is a leading global independent energy and commodities company with global operations and a strong presence in europe, asia and the americas. the group’s trading portfolio includes products along the entire energy value chain.
