Shenergy to acquire a 41% stake in Xinjiang Guanghui from Evergrande for $2.23bn.

Synopsis

Shenergy, a provider of gas utilities services, agreed to acquire a 41% stake in Xinjiang Guanghui-backed Guanghui Energy, oil and energy company, from Evergrande, an integrated residential property developer, for $2.23bn.

Principals

target

Guanghui Energy

bidder

SHENERGY

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Market Context

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Seller Team (1)

sun guangxin

CEO at XINJIANG GUANGHUI INDUSTRY INVESTMENT

Investor

target

Deal

£ 1.72 B

Total Value

Bidder Team (1)

jianxiong wu

President at SHENERGY

Manager

bidder

Deal

£ 1.72 B

Total Value

Vendor Team (1)

xu jiayin

Chairman at EVERGRANDE GROUP

Manager

vendor

Deals

£ 4.12 B

Total Value

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