China's Blue Star Group buys France's Andisu Group for 400 million euros

China Blue Star Acquisition of France's Andersen Group completes the largest deal of Chinese enterprises to acquire French enterprises
Xinhua News Agency (Reporterqi Zhongxi, Han Qiao) China Blue Star (Group) Corporation of China Chemical Corporation recently realized a wholly-owned acquisition of France's Andersen Group for 400 million euros (about 4 billion yuan), and will formally sign a settlement agreement for Andesu Group in Belgium on January 17" this is The first overseas merger in China's basic chemical industry, and the largest deal by a Chinese company to dateRen Jianxin, general manager of ChemChina, said in an exclusive interview with Xinhua News Agencyis understood to have received strong support from China Development Bank and provided most of the acquisition fundsFrance Andesu Group is the world's largest manufacturer of professional animal nutrition additives, its main product methionine market share accounted for 29%, ranking second in the worldRegistered in Belgium and fully controlled by the Ukreto CVC Group, the group has five major production facilities worldwide, with about 800 technology patents and the world's most advanced methionine production technology, distribution network in 140 countries and regions around the worldRen Jianxin,, said that methionine is widely used in China, there is a huge market, in 2005, China's methionine imports of 120,000 tonsHowever, due to the lack of mature production technology, domestic production is still in the blank, is China's chemical industry, the "old difficult" problemmethionine is an essential additive in animal feed, and animal feed with methionine can help animals grow up quickly in a short period of time and save about 40% of their feedDomestic demand for methionine is expected to grow at a rate of 10% to 15% per year in the next few yearsRen Jianxin said of the prospect of the acquisition, the acquisition in line with the world's manufacturing industry to China's trend, the realization of China's chemical industry using external resources to fill the domestic gapChina Blue Star to promote the acquisition of domestic enterprises to improve the level of enterprise management and management, and will use methionine technology to transform the domestic methionine project, the introduction of liquid methionine technology in the domestic construction of new production equipment, in the domestic formation of 200,000 tons of production capacity, from technology, production, sales and other aspects of the gradual realization of localizationChina National Chemical Corporation is a large state-owned enterprise formed in 2003 with the approval of the State Council on the basis of the merger of blue star and China Weihua Chemical (Group) Corporation and other central enterprises, with assets of 75 billion yuan, mainly engaged in the production and trade of chemical raw materials and chemical products, and is the largest enterprise in the field of traditional chemicals (except oil extraction and refining)China Blue Star (Group) Corporation is Ren Jianxin in 1984 borrowed 10,000 yuan in Lanzhou, the first professional cleaning company in ChinaChina Blue Star acquires France's Andesu Group to complete the largest deal of a Chinese company to acquire a French company
BEIJING, Jan 13 (Xinhua Qi Zhongxi, Han Qiao) China Chemical Group's China Blue Star (Group) Corporation recently realized a wholly-owned acquisition of France's Andesu Group for 400 million euros (about 4 billion yuan), and will formally sign a delivery agreement for Andesu Group in Belgium on Jan 17 " this is The first overseas merger in China's basic chemical industry, and the largest deal by a Chinese company to date Ren Jianxin, general manager of ChemChina, said in an exclusive interview with Xinhua News Agency is understood to have received strong support from China Development Bank and provided most of the acquisition funds France Andesu Group is the world's largest manufacturer of professional animal nutrition additives, its main product methionine market share accounted for 29%, ranking second in the world Registered in Belgium and fully controlled by the Ukreto CVC Group, the group has five major production facilities worldwide, with about 800 technology patents and the world's most advanced methionine production technology, distribution network in 140 countries and regions around the world Ren Jianxin, , said that methionine is widely used in China, there is a huge market, in 2005, China's methionine imports of 120,000 tons However, due to the lack of mature production technology, domestic production is still in the blank, is China's chemical industry, the "old difficult" problem methionine is an essential additive in animal feed, and animal feed with methionine can help animals grow up quickly in a short period of time and save about 40% of their feed Domestic demand for methionine is expected to grow at a rate of 10% to 15% per year in the next few years Ren Jianxin said of the prospect of the acquisition, the acquisition in line with the world's manufacturing industry to China's trend, the realization of China's chemical industry using external resources to fill the domestic gap China Blue Star to promote the acquisition of domestic enterprises to improve the level of enterprise management and management, and will use methionine technology to transform the domestic methionine project, the introduction of liquid methionine technology in the domestic construction of new production equipment, in the domestic formation of 200,000 tons of production capacity, from technology, production, sales and other aspects of the gradual realization of localization China National Chemical Corporation is a large state-owned enterprise formed in 2003 with the approval of the State Council on the basis of the merger of blue star and China Weihua Chemical (Group) Corporation and other central enterprises, with assets of 75 billion yuan, mainly engaged in the production and trade of chemical raw materials and chemical products, and is the largest enterprise in the field of traditional chemicals (except oil extraction and refining) China Blue Star (Group) Corporation is Ren Jianxin in 1984 borrowed 10,000 yuan in Lanzhou, the first professional cleaning company in China (name)