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Shenzhen Energy to acquire CPT Wyndham for hydropower assets

BEIJING
2015-09-23 11:14

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Shenzhen Energy Co., Ltd (000027.SH) announced Wednesday that its subsidiary Shenzhen Energy (HongKong) International Co., Ltd would acquire 100 percent stake in CPT Wyndham Holdings Ltd at a price of 542.6 million US dollars.

The transaction includes no more than 492.6 million US dollars of equity and 50 million US dollars of debt restructuring, according to the announcement.

CPT has 25 hydropower stations in Fujian, Yunnan and Zhejiang with total installed capacity of 50.58 kilowatt.

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