China regulator approves M&A deals

China’s market regulator on Wednesday approved 20 merger and acquisition transactions without conditions, including INEOS Co.’s acquisition of Shanghai SECCO Petrochemical’s stake, according to a statement on its website, reports Reuters.

In July, China’s Sinopec Corp announced a string of deals with UK-based chemicals and energy group INEOS, including the sale of a 50% stake in Shanghai SECCO Petrochemical for RMB 10.5 billion ($1.56 billion).