Freshfields Bruckhaus Deringer has advised Mercuria Energy Group on China National Chemical Corporation’s acquisition of a 12% interest in Mercuria.
Mercuria Energy Group, one of the world’s largest independent integrated energy and commodities trading companies, completed the acquisition by China National Chemical Corporation ("ChemChina"), one of China’s largest chemical companies, through its subsidiary ChemChina Petrochemical Co., Ltd, of a 12% strategic investment in the Mercuria Energy group.

The investment will deepen Mercuria’s already strong ties to China, where it has served as an important energy and commodities partner since the inception of the group. For ChemChina, the investment will add to its already diverse portfolio as it continues to expand into advanced chemical materials and specialty chemicals, basic chemicals, oil processing, agrochemicals, tire and rubber products, and chemical equipment.

Laurie McFadden, co-head of Freshfields’ international energy and natural resources group, commented: ‘We are delighted to have advised the Mercuria Group on this key strategic investment by ChemChina which promises considerable synergistic benefits for both groups.’

The Freshfields team was led by corporate partner Laurie McFadden and senior associates Tim Redman and Rhys Evans.