CLP Holdings to acquire 17% stake in Yangjiang Nuclear Power for $724.85m

CLP Holdings agreed to acquire a 17% stake in Yangjiang Nuclear Power Co. from CGN Power and its subsidiary for CNY 5 billion ($724.85 million). Yangjiang Nuclear Power owns the 6,516MW Yangjiang nuclear power station in Guangdong, China.

“CLP Holdings has reached an agreement with Chinese power companies CGN Power Co. and its subsidiary Guangdong Nuclear Investment Co. (GNIC) to acquire a 17% stake in Yangjiang Nuclear Power Co.”power-technology.com

• 1 source
• power-technology.comM&As this week: United Technologies, CLP Holdings, and Abu Issa Holding - Power TechnologyPraveenDec 1, 2016

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