Chinese regulator approved merger of nuclear companies
Date: 12:47, 01-02-2018.
Beijing. February 1. Silkroadnews - The Chinese regulator approved the merger of nuclear companies, Reuter reported.
“China National Nuclear Corp (CNNC), China’s No. 2 nuclear power producer, will take over the country’s top nuclear power plant builder to create a company worth almost $100 billion, the latest state-orchestrated marriage in the nation’s vast power sector,” the report said.
The State-Owned Assets Supervision and Administration Commission (SASAC) said it gave a green light to the deal, which unites the country’s only nuclear power plants building company with a major nuclear energy producer.
