China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | September 16, 2016

A Newsletter on Deal Making in China

DealBook_China_BP_Chinese_petrochemicals_joint_venture_SECCO

Deal News


Three firms vie for BP’s China petrochemicals plant


At least three leading chemical companies are set to vie for BP’s stake in Chinese petrochemicals joint venture SECCO which could fetch more than $2 billion, sources close to the process said.


Offers for the 50 percent stake, the British oil and gas company's largest investment in China, will be submitted in the coming days.