China’s CGN New Energy’s Parent Said to Revive Take-Private Plan

April 11, 2024, 9:48 AM UTC

CGN New Energy Holdings Co.’s parent is considering taking the Hong Kong-listed power producer private after abandoning a previous plan more than three years ago, according to people familiar with the matter.

China General Nuclear Power Corp. recently started initial discussions about potentially delisting the unit, the people said, asking not to be identified as the information is private. Deliberations are at an early stage and may not result in a deal, the people said.

Officials at CGN didn’t respond to requests for comment, while a representative for CGN New Energy said the company is unaware of a take-private ...

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