MAINLAND POWER PRODUCER EXPANDS TO OVERSEAS

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clpstaff &clp articles

Huaneng Power International has completed an approximately HK$26 billion (US$3.3 billion) acquisition of SinoSing Power from Huaneng Group, including cash…

Huaneng Power International has completed an approximately HK$26 billion (US$3.3 billion) acquisition of SinoSing Power from Huaneng Group, including cash and debts.

Tom Chau, corporate partner at Herbert Smith, said that among the challenges of this deal were that the transaction involved a blend of cash and debts, and it required lengthy negotiations between parent companies and their subsidiaries.

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