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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

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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

sentifi.com

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