Source: Bloomberg

For the second time in two years, China's Sinochem Corp., China's largest chemicals trader, has offered to purchase Australia's Nufarm Ltd. Sinochem has offered $2.4 billion to gain a global distribution network for pesticides and herbicides.

Sinochem upped its offer per share for Nufarm by 17 percent. The deal is subject to regulatory approval in Australia and China.

Original press release