According to Caixin reported, Chinese chemical payment reverse breakup fee trigger condition is: the transaction has not been antitrust authorities and approval Chinese government departments, while the U.S. Foreign Investment Committee (CFIUS) and other government departments of foreign investment approval exemption.
After the EU regulators in order to dispel doubts, Chinese chemical pesticide chemical company Adama in September proposed stripping Agricultural Solutions assets.
China chemical group is now the most active market in overseas mergers and acquisitions of state-owned enterprises China. In 2015, China Chemical Rubber Co. Ltd. for $5 billion 290 million acquisition of Italy Pirelli group, nearly 60% of the shares, becoming the largest Chinese enterprises overseas acquisitions. Later, Chinese chemical group also acquired in 2016 the German special machinery manufacturer Klaus Maffei (KraussMaffei). According to German media reports, in deficit SGL carbon group (SGL Carbon) has entered the China chemical acquisition sight.
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