A PYMNTS Company

China: Merger to create a $241 billion energy giant

By  |  March 30, 2017

China’s state-owned enterprise regulator has asked coal mining giant Shenhua Group and power generator China Datang to discuss a possible merger, according to people with knowledge of the situation.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The talks are at an early stage and there’s no guarantee of a deal, said the people, who asked not to be identified as the information isn’t public. Datang International Power Generation, Datang’s Hong Kong-listed unit, said Thursday that the parent company hasn’t received any related news and that it has no information to disclose. Its shares closed 8 percent higher, the biggest gain in two years.

    A merger would combine China’s biggest coal producer with one of its largest power generators to create a utility giant with about $241 billion of assets.

    Full Content: Financial Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.