BEIJING: Chinese authorities have approved a mega-merger between the country’s largest coal producer and a top electricity firm, the government said Monday, reportedly creating the world’s biggest power company in terms of capacity.
The tie-up between the two state-owned companies—coal producer Shenhua Group Corp. and China Guodian Corp.—will be named the National Energy Investment Group Co. Ltd., the State-owned Assets Supervision and Administration Commission said in a statement.
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