# China Shenhua sells Fuping Thermal Power to Guoyuan Power for 2.258 billion yuan

China Shenhua's subsidiary Shendong Power sold 100% equity of Fuping Thermal Power to Guoyuan Power for approximately 2.258 billion yuan. The transaction was signed on December 29, 2020.

- Type: Acquisition
- Announced: 2020-12-29
- Where: China
- Value: $346.0M (2.26B CNY)
- Status: completed
- Products: thermal power generation, heat supply
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [China Shenhua Energy](https://endata.com/companies/6686.md)
- [Shenhua Shendong Electric Power Co., Ltd.](https://endata.com/companies/52168.md)
- [Shendong Power](https://endata.com/companies/52160.md) (partner)
- [Guoyuan Power](https://endata.com/companies/52161.md) (acquirer)
- [Fuping Thermal Power](https://endata.com/companies/52162.md) (target)
- [National Energy Group Guoyuan Power Co., Ltd.](https://endata.com/companies/52169.md) (acquirer)
- [National Energy Group Shaanxi Fuping Thermal Power Co., Ltd.](https://endata.com/companies/52170.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/385797.html), 2020-12-29: "转让价款为人民币22.58亿元"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/386012.html), 2020-12-29: "中国神华(01088)公布，2020 年 12 月 29 日，公司全资子公司神东电力公司与国源电力公司于北京签署《产权转让合同》。神东电力公司将所持有的富平热电公司100%股权转让给国源电力公司，转让价款为约人民币22.58亿元，国源电力公司一次性支付全部转让价款。"

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