CGN Power (01816) said it agreed to acquire from controlling shareholder China General Nuclear Power Corporation 61% equity interest in Guangxi Fangchenggang Nuclear Power, entire equity interest in CGN Lufeng Nuclear Power and entire equity interest in China Nuclear Power Engineering at a total of about Rmb9,920.5 million.
Fangchenggang Nuclear is principally engaged in the investment, development, construction and operation of Fangchenggang Nuclear Power Station, as well as the importing and exporting of certain goods and technology. Lufeng Nuclear is principally engaged in the investment, development, construction and operation of Lufeng Nuclear Power Station, as well as its sale and delivery of nuclear power. CGN Engineering is a
specialist-technology nuclear power project construction management company.
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