The businessman who orchestrated ChemChina’s $44bn acquisition of Swiss agrochemical giant Syngenta has left the state-owned chemicals group to join a government-controlled investment fund in Beijing.
Robert Lu, a vice-president at ChemChina who presided over the largest overseas spending spree by a Chinese company to date, has joined China Reform Holdings as a top executive, according to four people informed on the matter.
Fluent in English and with experience in structured finance, Mr Lu’s move to China Reform is a sign that the $30bn fund will look to expand its direct investment overseas, some of these people said.
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