# China Machinery Engineering to acquire China Electric Power Engineering from parent

China Machinery Engineering Corporation agreed to acquire China Electric Power Engineering Co., Ltd. from its parent Sinomach for RMB 1.98 billion (approx. HKD 2.35 billion).

- Type: Acquisition
- Announced: 2017-11-24
- Where: China
- Value: $300.0M (1.98B CNY)
- Status: announced
- Products: engineering procurement and construction services for power projects
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [China Machinery Engineering](https://endata.com/companies/2168.md) (acquirer)
- [Sinomach](https://endata.com/companies/28353.md) (partner)
- [China Electric Power Engineering Co., Ltd.](https://endata.com/companies/28354.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/92903.html), 2017-11-24: "公司与控股股东国机订立收购协议，据此，拟向其收购中国电力工程有限公司全部股权，总代价人民币19.80亿元"

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