# China Shenhua and GD Power to merge coal power assets

China Shenhua Energy and GD Power proposed to merge their coal-fired power assets worth over 60 billion yuan (US$9.05 billion), with GD Power taking a controlling stake. The parent companies Shenhua Group and China Guodian Group will merge to form China Energy Group.

- Type: Acquisition
- Announced: 2017-08-29
- Where: China
- Value: $9.05B (60.0B CNY)
- Status: announced
- Products: coal-fired power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [China Shenhua Energy](https://endata.com/companies/6686.md)
- [Shenhua Group](https://endata.com/companies/26607.md)
- [GD Power](https://endata.com/companies/26606.md) (target)
- [China Guodian Group](https://endata.com/companies/26608.md) (target)

## Sources

- [scmp.com](https://www.scmp.com/business/companies/article/2108744/energy-giant-born-china-shenhua-and-gd-power-merge-coal-power), 2017-08-29: "The new combination of China Shenhua Energy and GD Power will be jointly owned, but GD Power will have the controlling stake."

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