Saudi Aramco：
- on its heads of agreement with China Petroleum & Chemical Corporation (Sinopec) to build a refinery and petrochemical project in Gulei in China's southeastern Fujian Province. The greenfield project comprises a 16 million metric tonne per year (320,000 barrels per day) refining and petrochemical facility with a 1.5 million metric tonne per year ethylene unit. The project is expected to commence commercial operations in 2025.
- on its acquisition of a 10 percent interest in Shenzhen-listed Rongsheng Petrochemical Co. Ltd. (Rongsheng) for RMB24.6 billion (US$3.6 billion). Rongsheng owns a 51 percent stake in Zhejiang Petroleum and Chemical Co. Ltd. (ZPC), which in turn owns and operates the largest single refining and chemicals complex in China. ZPC's integrated refinery and petrochemical facility is located in the city of Zhoushan in the eastern province of Zhejiang and includes an 800,000 barrel per day refinery and a 4.2 million metric tonnes per annum ethylene cracker. Aramco signed a long-term crude oil supply agreement, providing 480,000 barrels per day of feedstock to ZPC.
- on its formation of a joint venture with North Huajin Petrochemical and Panjin Xincheng (Panjin) to develop a US$10 billion fully integrated refining and petrochemicals complex located in the northeastern province of Liaoning.
Nestlé S.A. on the sale of Yinlu peanut milk and canned rice porridge businesses in China to Food Wise Co., Ltd., a company controlled by the family of Yinlu's founder.
Nestlé Waters, the no.1 bottled water company worldwide, on the sale of its water business in the mainland China to Tsingtao Brewery Group Company Limited, China's second-largest beer maker. This transaction was awarded “Deal of the Year 2021” by China Business Law Journal, and was shortlisted as the “M&A Deal of the Year” by China Law & Practice Awards 2021.
Nestlé on the acquisition of Sichuan Chaotianxiang Food Co., Ltd., a leading Chinese seasonings company, together with the intellectual properties relating to Chaotianxiang's business. Chaotianxiang used to be an OEM manufacturer of Shanghai Totolé Food Company, a leader in the China chicken powder industry, in which Nestlé has a controlling stake.
Sony Corporation of America, a subsidiary of Sony Corporation, in its investment of approximately US$400 million in Bilibili Inc., a China-based provider of online entertainment services, through subscription of new shares. As a condition to closing, Bilibili and Sony Corporation entered into a business collaboration agreement to pursue collaboration opportunities within the area of entertainment business in the Chinese market, including anime and mobile games.
A global market leader in chemical distribution, on its acquisition of a majority interest in, and joint venture with a leading Chinese food ingredients and additives distribution company.
Panasonic Corporation on its US$8.5 billion acquisition of Blue Yonder, a leading end-to-end, digital fulfilment platform provider, on a cash-free, debt-free basis. This is the second largest Japan outbound M&A deal in 2021.
Takeda Pharmaceutical on its US$322 million disposition of a portfolio of select non-core assets and pharmaceutical products sold in China to Hasten Biopharmaceutic Co. Ltd. (Hasten). Hasten is a company funded by Feidong County of Hefei City, China and established by Ray Capital Management Limited.
