CGN’s Sale of $2 Billion European Renewable Assets Said to Stall

China General Nuclear Power Corp.’s planned $2 billion sale of its European renewable energy arm is stalling after offers fell short of its price expectations, people familiar with the matter said.

A consortium of Brookfield Asset Management and Macquarie Group Ltd. and another led by Thailand’s PTT Pcl were among those that made binding offers for CGN Europe Energy late last year, according to the people. CGN decided to pause the process after these bids came in below the price it was seeking, they said.

While the potential disposal remains on hold, CGN could decide to revive it later ...