China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | September 16, 2016

A Newsletter on Deal Making in China


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.