COSCO Shipping and Shanghai International Port to Buy Hong Kong’s OOCL

China’s major shipping operator COSCO Shipping Holdings and Shanghai International Port (Group) Co jointly announced a takeover offer on Sunday [9 July 2017] to all the shareholders of Hong Kong-based Orient Overseas Container Line Co (OOCL), COSCO announced on Sunday…Full Article: The Global Times July 2017 Key Point Once the takeover is completed, China’s COSCO

Beijing Investment Firm Bids on Italian Supermarket Chain

Chinese Group Yida International Investment has formally expressed interest in Esselunga, Italy’s fourth-largest supermarket chain, Italian daily la Repubblica reported on Thursday [15 June 2017]…Full Article: The Global Times June 2017 Key Points Yida International offered EUR 7.5 billion euros (USD 8.38 billion) for Italy’s Esselunga supermarket chain. In September 2016, the private equity funds

Bright Food to Absorb State-Owned Shanghai Fisheries Group

The Shanghai municipal government announced a fresh round of reform and restructuring of local State-owned enterprises on Thursday [18 May 2017]. As part of the reform, Bright Food (Group) Co Ltd will absorb Shanghai Fisheries Group Co Ltd. Shanghai Fisheries will thus become a wholly owned subsidiary of Bright Food…Full Article: China Daily May 2017

The EU Finally Approves ChemChina’s Acquisition of Syngenta

China National Chemical Corp won the European Union’s antitrust approval for its $43 billion takeover of Swiss pesticide maker Syngenta AG, a day after the US gave its blessing, bringing China’s largest foreign acquisition closer to the finish line…Full Article: China Daily Apr 2017 Key Point By June 2017, ChemChina expects to officially close its