China Guodian and Shenhua Group propose merger of coal power assets

China Guodian Corporation and Shenhua Group proposed a merger of their coal power assets, setting up a joint venture company worth 54.4 billion yuan ($8.24 billion). Guodian will have the controlling stake, investing 29.1 billion yuan of thermal power assets, while Shenhua will invest 25.3 billion yuan. The cabinet has approved the plan.

“China's major power generator China Guodian Corporation and coal producer Shenhua Group proposed a merger of their coal power assets”chinadaily.com.cn

• 2 sources
• chinadaily.com.cnMerger set to generate new power giant - Chinadaily.com.cnZheng XinAug 29, 2017
• chinadaily.com.cnMerger set to generate new power giant - Business - Chinadaily.com.cn于小明Aug 30, 2017

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