# Changan Electric Power to acquire Hubei Electric Power from National Energy Group

Changan Electric Power announced a plan to acquire 100% equity of Hubei Electric Power from National Energy Group for 6.06 billion yuan, paid via shares and cash, to integrate power generation assets in Hubei Province.

- Type: Acquisition
- Announced: 2020-11-19
- Where: Hubei Province, China
- Value: $920.0M (6.06B CNY)
- Status: announced
- Products: electricity, heat
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Changan Electric Power](https://endata.com/companies/51411.md) (acquirer)
- [National Energy Group](https://endata.com/companies/51412.md) (partner)
- [Hubei Electric Power](https://endata.com/companies/51413.md) (target)

## Sources

- [21jingji.com](http://www.21jingji.com/article/20201124/herald/0934c3398673bd76688f5258c502fcde.html), 2020-11-24: "长源电力拟向国家能源集团发行股份及支付现金购买其持有的湖北电力100%股权，经交易双方协商，初步确定以评估价值60.6亿元为本次交易标的资产之交易价格。"

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