Sinopec sells 50% stake in Shanghai SECCO to INEOS

Sinopec agreed to sell 50% equity in Shanghai SECCO to INEOS Shanghai for a base consideration of CNY 10.522 billion. Sinopec also agreed to acquire 50% of Ningbo Benling from INEOS Styrolution APAC.

“集团有条件同意出售，英力士上海有条件同意收购上海赛科共50%股权。”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com中国石油化工股份(00386)与英力士旗下公司就上海赛科等合作项目签署文件Jul 28, 2022

Summarized from public sources; check the original articles before acting on it.