Sinochem International Acquires Sinochem Group’s Pesticide Assets

Sinochem International is purchasing the equity of Sinochem Group’s pesticide businesses and promote integration and professional development of the company’s pesticide business, Sinochem International plans to invest a total of $157.8 million (970 million Yuan) to acquire Sinochem Agrochemical, Shenyang Sciencreat Chemicals, Sinochem Agrochemical HK, Sinochem Agrochemical Brazil, and Sinochem Agrochemical Argentina.

After the completion of this transaction, the pesticide business-related assets of Sinochem’s subsidiaries, excluding Shenyang Research Institute of Chemical Industry which is R&D-related, will all be integrated into the control of Sinochem International.

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Read more about the deal here.

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