You are here

China coal firms in 1.82t yuan merger talks

Shenhua Group Corp, China Guodian Corp in possible tie-up to reduce country's industrial over-capacity
Tuesday, June 6, 2017 - 05:50

Chinese President Xi Jinping is trying to cut the country's reliance on coal.

Hong Kong

SHENHUA Group Corp, China's biggest coal miner, and China Guodian Corp, one of the nation's largest coal-fired power generators, are in merger discussions, according to people with knowledge of the matter.

The talks are preliminary and the merger may not go ahead, said

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom