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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