Coal giant in the making in China

Coal giant in the making in China

World July 21, 2016 16:15

amsterdam - The Chinese coal producer Shenhua Group is working on a merger with China General Nuclear Power, a state-owned company.

Together they would get a volume of $ 240 billion. That merger proposal Shenhua Group according to Bloomberg made to the Chinese government.

This was China's largest coal producer combined with the country's largest nuclear power group. Investors consider the merger promising.
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China increasingly privatizing government activities. Commenting on the merger plan was CGN Power, the listed unit of General Nuclear 12% on the stock market up.

The Chinese government is still considering the plan to merge Shenhua and its competitor China Coal mining.

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