ChemChina, Sinochem in talks on possible $100 bln merger -sources

By Chen Aizhu BEIJING (Reuters) - Chinese state-owned chemical companies Sinochem Group and ChemChina are in discussions about a possible merger to create a chemicals, fertiliser and oil giant with almost $100 billion (81.89 billion pounds) in annual revenue, three sources familiar with the matter said. The deal has been proposed by China's central government as part of its efforts to slash the number of state-owned companies and create larger, more competitive global industry players, said the