# Dongfang Electric to acquire power equipment assets from parent for CNY 6.9B

Dongfang Electric Corporation plans to acquire power equipment and other assets from its parent company, China Dongfang Electric, for a total consideration of 6.909 billion yuan, to be paid through the issuance of A-shares.

- Type: Acquisition
- Announced: 2017-03-10
- Where: China
- Value: $1.00B (6.91B CNY)
- Status: announced
- Products: power equipment, electric control systems, logistics services, financial services, industrial automation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Dongfang Electric Corporation](https://endata.com/companies/16882.md) (acquirer)
- [China Dongfang Electric](https://endata.com/companies/16883.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/46108.html), 2017-03-10: "东方电气(01072)发布公告，公司与大股东中国东方电气订立建议资产转让协议。"

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