M&A Deal Summary

Huaneng Power International Acquires Shanghai Time Shipping

On December 1, 2010, Huaneng Power International acquired transportation company Shanghai Time Shipping from Huaneng Energy & Communications Holdings for 1.1B CNY

Acquisition Highlights
  • This is Huaneng Power International’s 4th transaction in the Transportation sector.
  • This is Huaneng Power International’s 0th largest (disclosed) transaction.
  • This is Huaneng Power International’s 15th transaction in China.

M&A Deal Summary
Date 2010-12-01
Target Shanghai Time Shipping
Sector Transportation
Buyer(s) Huaneng Power International
Sellers(s) Huaneng Energy & Communications Holdings
Deal Type Divestiture
Deal Value 1.1B CNY

Target

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.

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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 (Transportation) 4 of 4
Type (Divestiture) 13 of 22
Country (China) 15 of 26
Year (2010) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 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.

Buy CN¥174M
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

Huaneng Energy & Communications Holdings

Beijing, China
Category Company
Sector Transportation
DESCRIPTION

Huaneng Energy & Communications Holdings Co., Ltd. is a provider of business includes wholesale of coal, investment and management in infrastructure projects of coal mines, road, port, maritime transportation services, international tendering and agency, and import and export business.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2010) 1 of 1
Mergr

Product

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