The listed flagship companies of state-owned coal giant Shenhua Group and power major China Guodian Group have proposed to merge their coal-fired power assets, worth over US$9.05 billion. The merged entity will be known as China Energy Group. Photo: Reuters

An energy giant is born: China Shenhua and GD Power to merge coal power assets

The resultant China Energy Group will have total assets worth over US$9.05 billion

Topic |   Energy

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The listed flagship companies of state-owned coal giant Shenhua Group and power major China Guodian Group have proposed to merge their coal-fired power assets, worth over US$9.05 billion. The merged entity will be known as China Energy Group. Photo: Reuters
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