Mercuria Energy Group has sold a 12% stake to China National Chemical Corporation (ChemChina) for an undisclosed sum, The Wall Street Journal reports. Switzerland-based Mercuria is one of the world’s largest privately held oil traders and can provide ChemChina with commodities for its business, expanding the company’s access to energy markets in the process. The deal completes a year-long search by Mercuria for a strategic partner.
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