Shenhua Group Acquires State Grid Energy, Installed Capacity to be Among Top Five in China
BEIJING--August 22, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Through nearly two months of negotiation, Shenhua Group Corporation Limited (Beijing), the parent company of China Shenhua Energy Company Limited (Beijing) (SHA:601088) (HK:01088), successfully signed the share transfer agreement with the State Grid Corporation of China (SGCC) (Beijing) to acquire 100% of the shares in State Grid Energy Development Company Limited (Beijing) on August 15, 2012, according to China Shenhua announced on August 16, 2012.
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