New Projects, Nuclear

Chinese companies to merge into largest nuclear power entity

Chinese companies to merge into largest nuclear power entity

China Power Investment Corp. (CPI) and State Nuclear Power Technology Corp. (SNPTC) will merge to become the country’s largest nuclear power entity.
 
The new company would be named State Power Investment Group, with total assets exceeding 700 billion yuan ($111.93 billion) and annual sales of more than 200 billion yuan ($32.7 billion), according to the Global Times.
 
When the merger is completed, the new nuclear power businesses will be listed on the stock exchange. The State Council was quoted as saying it would transfer its 66 percent stake in SNPTC to CPI for free.
 
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