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China Power International Development announced a RMB27.7 billion ($3.8 billion) group asset restructuring to acquire SPIC Yuanda Environmental Protection, transferring its interests in Wu Ling Power Corporation and SPIC Guangxi Changzhou Hydropower Development to Yuanda Environmental, settled via share issuances and cash. China Power will hold a 55.13% equity interest in Yuanda Environmental upon completion.
“Slaughter and May has advised China Power International Development on a RMB27.7 billion (USD3.8 billion) group asset restructuring, which includes the acquisition of SPIC Yuanda Environmental Protection”law.asia
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