Chinese wastewater acquisition raises eyebrows
A major electricity company has bought into the Chinese wastewater market through a $102 million acquisition. The circumstances of the deal are shrouded in controversy, reports Kathy Liu.
State-owned electricity generation company China Guodian Corporation (CGC) has been lured by the growth promised in China’s wastewater sector, announcing in January that it will acquire a 70% stake in state-owned Shenyang Zhenxing Environmental Protection Company (SZEP).
SZEP announced in November that it would be selling off a 70% stake held by Shenyang Water Group, and courted offers...
Subscribe online today
- Monthly print magazine
- Unlimited online access
- Project Tracker Database
- Access to the GWI Archive
- Annual Tariff Survey
- 10 online users per office location.
Free 2 week trial
- 1 Trial copy of GWI Magazine
- Online access to globalwaterintel.com
- Weekly news and insight from GWI Briefing