ChemChina buys stake in Swiss energy trader Mercuria

China National Chemical Corp. on Monday said it had bought a 12 percent stake in Swiss energy and commodities trader Mercuria, the second overseas investment by the Chinese state giant in a week. The company, also known as ChemChina, said the strategic investment in Mercuria Energy Trading would expand its portfolio, according to a statement posted on its website. Last week, ChemChina said it would buy Germany's KraussMaffei Group, which makes machinery for producing plastics and rubber, for 925 million euros ($1.0 billion).

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