M&A Deal Summary

Huaneng Power International Acquires Qingdao Luneng Port of Jiaonan Co.

On January 4, 2010, Huaneng Power International acquired transportation company Qingdao Luneng Port of Jiaonan Co. from Shandong Electric Power

Acquisition Highlights
  • This is Huaneng Power International’s 3rd transaction in the Transportation sector.
  • This is Huaneng Power International’s 13th transaction in China.

M&A Deal Summary

Date 2010-01-04
Target Qingdao Luneng Port of Jiaonan Co.
Sector Transportation
Buyer(s) Huaneng Power International
Sellers(s) Shandong Electric Power
Deal Type Divestiture

Target

Qingdao Luneng Port of Jiaonan Co.

Qingdao, China
Qingdao Luneng Port of Jiaonan Co., Ltd. is a provider of transportation services to cargo industry.

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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 13 of 26
Sector: Transportation M&A 3 of 4
Type: Divestiture M&A Deals 11 of 22
Country: China M&A 13 of 26
Year: 2010 M&A 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-04 Shandong Luneng Sea Transportation Co.

China

Shandong Luneng Sea Transportation Co., Ltd. is a provider of marine transportation services to enegry industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Hainan Nuclear Power Co.

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.

Buy CN¥174M

Seller(S) 1

SELLER

Shandong Electric Power

Jinan, China

Category Company
Sector Utilities
DESCRIPTION

Shandong Electric Power Corp. is a power generation company. It own power plants in china.


DEAL STATS #
Overall 9 of 9
Sector: Transportation M&A 3 of 3
Type: Divestiture M&A Deals 9 of 9
Country: China M&A 9 of 9
Year: 2010 M&A 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-04 Shandong Luneng Sea Transportation Co.

China

Shandong Luneng Sea Transportation Co., Ltd. is a provider of marine transportation services to enegry industry.

Sell -