# Nippon Shokubai delays merger with Sanyo Chemical due to COVID-19

Nippon Shokubai delayed its merger with Sanyo Chemical, originally planned for October 2020, to April 2021 due to uncertainty from the COVID-19 pandemic and oil market decline.

- Type: Acquisition
- Announced: 2020-04-20
- Where: Japan
- Status: announced
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Nippon Shokubai](https://endata.com/companies/15191.md)
- [Sanyo Chemical](https://endata.com/companies/26605.md) (target)

## Sources

- [everchem.com](https://everchem.com/chemical-ma-stalls/), 2020-04-20: "The companies say the 'recent global outbreak of COVID-19 and the sharp decline in the oil and oil product markets' has caused too much uncertainty to complete the transaction right away."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.