M&A Deal Summary

Huaneng Power International Acquires Henan Huaneng Qinbei Power Co.

On August 30, 2003, Huaneng Power International acquired utilities company Henan Huaneng Qinbei Power Co.

Acquisition Highlights
  • This is Huaneng Power International’s 1st transaction in the Utilities sector.
  • This is Huaneng Power International’s 2nd transaction in China.

M&A Deal Summary

Date 2003-08-30
Target Henan Huaneng Qinbei Power Co.
Sector Utilities
Buyer(s) Huaneng Power International
Deal Type Add-on Acquisition

Target

Henan Huaneng Qinbei Power Co.

Jiyuan City, China
Henan Huaneng Qinbei Power Ltd. Co. is a provides and operates a thermal power plant which manufactures ultra-supercritical power units.

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Buyer(S) 1

Buyer

Huaneng Power International

Beijing, China

Category Company
Founded 1994
Sector Utilities
Employees56,263
Revenue 254.4B CNY (2022)
DESCRIPTION

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


DEAL STATS #
Overall 2 of 26
Sector: Utilities M&A 1 of 11
Type: Add-on Acquisition M&A Deals 1 of 2
Country: China M&A 2 of 26
Year: 2003 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-28 Shenzhen Energy Group Co.

Shenzhen, China

Shenzhen Energy Group Co., Ltd. is an own and operator of power and gas plants.

Buy -
FOLLOWING 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.

Buy -