# Shenhua Energy to buy 12 subsidiaries from CHN Energy Investment Group for $19 billion

China Shenhua Energy announced it will acquire 12 subsidiaries from its controlling shareholder, CHN Energy Investment Group, for $19 billion, funded by $13.3 billion cash and $5.7 billion in new shares.

- Type: Acquisition
- Announced: 2025-12-23
- Where: China
- Value: $19.0B
- Status: announced
- Products: energy, coal
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [China Shenhua Energy](https://endata.com/companies/6686.md) (acquirer)
- [CHN Energy Investment Group](https://endata.com/companies/89342.md) (target)

## Sources

- [caproasia.com](https://www.caproasia.com/2025/12/23/china-112-billion-energy-coal-giant-shenhua-energy-to-buy-controlling-shareholder-china-state-owned-chn-energy-investment-group-12-subsidiaries-for-19-billion-with-funding-via-13-3-billion-cash/), 2025-12-23: "China energy & coal giant Shenhua Energy ($112 billion market value) has announced to buy controlling shareholder China state-owned CHN Energy Investment Group 12 subsidiaries for $19 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.