M&A Deal Summary

Huaneng Power International Acquires Hainan Nuclear Power

On December 1, 2010, Huaneng Power International acquired construction company Hainan Nuclear Power from China Huaneng Group for 174M CNY

Acquisition Highlights
  • This is Huaneng Power International’s 3rd transaction in the Construction sector.
  • This is Huaneng Power International’s largest (disclosed) transaction.
  • This is Huaneng Power International’s 15th transaction in China.

M&A Deal Summary
Date 2010-12-01
Target Hainan Nuclear Power
Sector Construction
Buyer(s) Huaneng Power International
Sellers(s) China Huaneng Group
Deal Type Divestiture
Deal Value 174M CNY

Target

Hainan Nuclear Power

China
Hainan Nuclear Power Co., Ltd. is a provider of construction, operation and management of nuclear power plants; production and sales of electricity and related products; technology advisory and services.

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Buyer(S) 1

Buyer

Huaneng Power International

Beijing, China
Category Company
Founded 1994
Sector Utilities
Employees57,513
Revenue 204.6B CNY (2021)
DESCRIPTION

Huaneng Power International is a power producer, generates and sells electricity and heat to the regional or provincial grid companies in the People?s Republic of China and Singapore. Huaneng Power International was founded in 1994 and is based in Beijing, China.

DEAL STATS #
Overall 15 of 26
Sector (Construction) 3 of 4
Type (Divestiture) 13 of 22
Country (China) 15 of 26
Year (2010) 11 of 11
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Shanghai Time Shipping

Shanghai, China

Shanghai Time Shipping Co., Ltd. is a provider of an international general cargo shipping, domestic goods transportation between ports in the coastal areas and along the middle and lower reaches of Yangtze River, domestic waterway goods transportation and freight forwarder services, shipping agency, consultancy of shipping management and related businesses, vessel repair, domestic trading, self-operation and agency of import and export of various commodities and technologies (except those commodities and technologies restricted by the State to be operated by certain companies and banned for import and export by the State), processing of purchased materials and operation of “three types of processing plus compensation trades” and counter trade and transit trade operations.

Buy CN¥1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-05 Fushun Suzihe Hydropower

China

Fushun Suzihe Hydropower Co., Ltd. is an own and operater of suzihe yaojiashan hydropower project of liaoning province.

Buy CN¥50M

Seller(S) 1

SELLER

China Huaneng Group

Beijing, China
Category Company
Founded 1985
Sector Utilities
DESCRIPTION

China Huaneng Group is a power generation company.

DEAL STATS #
Overall 3 of 13
Sector (Construction) 1 of 2
Type (Divestiture) 3 of 12
Country (China) 3 of 13
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-10 Gansu Huaneng Pingliang Power Generation

China

Gansu Huaneng Pingliang Power Generation LLC is a developer of power generation company in china.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-11 InterGen NV

Burlington, Massachusetts, United States

InterGen NV is a global power generation platform in Europe, Australasia and Mexico with 12 power plants representing an equity share of 6,252 MW of production capacity.

Buy -
Mergr

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