Core Viewpoint - China General Nuclear Power Corporation (CGN Power) announced the acquisition of nuclear power assets in Huizhou and Zhanjiang for approximately RMB 9.38 billion, aiming to enhance its operational capacity and market position in the nuclear energy sector [1] Group 1: Acquisition Details - The board of CGN Power approved a share transfer agreement with CGN, where CGN Power will acquire 82% of Huizhou Nuclear Power, 100% of Huizhou Second Nuclear Power, 100% of Huizhou Third Nuclear Power, and 100% of Zhanjiang Nuclear Power [1] - The total cash consideration for the acquisition is approximately RMB 93.8 billion [1] Group 2: Strategic Implications - The acquisition is expected to increase the operational, under-construction, and reserve installed capacity controlled by CGN Power, which is crucial for growth in nuclear power generation and overall performance [1] - This move is seen as a significant step in enhancing CGN Power's market position and long-term competitiveness within the nuclear power industry [1] - The acquisition aligns with CGN Power's strategic goal of becoming the sole platform for CGN's nuclear power generation, thereby solidifying its leading position in the industry [1]
中广核电力(01816)斥资93.8亿元收购惠州及湛江等核电资产