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  5. CLP Power Hong Kong and China Southern Power Grid International Co. Invest In Castle Peak Power Co.

Investment Summary

CLP Power Hong Kong and China Southern Power Grid International Co. Invest In Castle Peak Power Co.

On May 12, 2014, CLP Power Hong Kong and China Southern Power Grid International Co. invested in utilities company Castle Peak Power Co. from ExxonMobil Energy

Investment Highlights
  • This is CLP Power Hong Kong’s 1st and China Southern Power Grid International Co.’s 1st transaction in the Utilities sector.
  • This is CLP Power Hong Kong’s 2nd and China Southern Power Grid International Co.’s 1st transaction in China.

Investment Summary
Date 2014-05-12
Target Castle Peak Power Co.
Sector Utilities
Investor(s) CLP Power Hong Kong
China Southern Power Grid International Co.
Sellers(s) ExxonMobil Energy
Deal Type Stake Purchase

Target

Castle Peak Power Co.

Hong Kong, China
Castle Peak Power Company Limited owns and operates coal fired power stations. Company had a total capacity of 4,108 megawatts, Black Point Power Station with a total capacity of 2,500 megawatts, and Penny’s Bay Power Station with a total capacity of 300 megawatts.

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Investor(S) 2

Investor

CLP Power Hong Kong

Hong Kong, China
Category Company
Founded 1901
Sector Utilities
DESCRIPTION

CLP Power Hong Kong a vertically-integrated electricity generation, transmission and distribution company in Hong Kong serving 80 percent of the territory's population.

DEAL STATS #
Overall 2 of 2
Sector: Utilities M&A 1 of 1
Type: Stake Purchase M&A Deals 2 of 2
Country: China M&A 2 of 2
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-12 Hong Kong Pumped Storage Development Co.

Hong Kong, China

Hong Kong Pumped Storage Development Co.,Ltd. offers pumped storage services to CLP Power Hong Kong Limited in mainland China.

Buy HK$2.0B
Investor

China Southern Power Grid International Co.

China
Category Company
Sector Utilities
DESCRIPTION

China Southern Power Grid International engages in power supply in hong kong .It Operates China Southern Power Grid International

DEAL STATS #
Overall 1 of 2
Sector: Utilities M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Enovos

Strassen, Luxembourg

Enovos is an integrated utility company focused on electricity and gas transmission and supply as well as power generation including renewables. Enovos is based in Strassen, Luxembourg.

Buy -

Seller(S) 1

SELLER

ExxonMobil Energy

Hong Kong, China
Category Company
Founded 1964
Sector Utilities
DESCRIPTION

ExxonMobil Energy Ltd. owns gas fired power plants.ExxonMobil Energy Limited operates as a subsidiary of Exxon Mobil Corporation.

DEAL STATS #
Overall 1 of 2
Sector: Utilities M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Aera Energy

Bakersfield, California, United States

Aera Energy is an energy producer that provides safety and environmental performance, innovative business practices, and application of cutting-edge technology. Aera Energy was founded in 1997 and is based in Bakersfield, California.

Sell -
Mergr

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