# 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.

- Type: Acquisition
- Announced: 2017-08-29
- Where: China
- Value: $8.24B (54.4B CNY)
- Status: announced
- Products: coal power, thermal power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [China Guodian Group](https://endata.com/companies/26608.md)
- [Shenhua Group](https://endata.com/companies/26607.md) (partner)
- [Shenhua Group](https://endata.com/companies/26607.md) (target)
- [China Guodian Group](https://endata.com/companies/26608.md) (acquirer)

## Sources

- [chinadaily.com.cn](http://www.chinadaily.com.cn/a/201708/30/WS59bb7607a310d4d9ab7e846b.html), 2017-08-29: "China's major power generator China Guodian Corporation and coal producer Shenhua Group proposed a merger of their coal power assets"
- [chinadaily.com.cn](https://www.chinadaily.com.cn/bizchina/2017-08/30/content_31305179.htm), 2017-08-30: "China's major power generator China Guodian Corporation and coal producer Shenhua Group proposed a merger of their coal power assets, setting up a joint venture company worth 54.4 billion yuan ($8.24 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.