GD Power to acquire 25% stake In Xuanwei Electricity

GD Power Development intends to acquire a 25 percent stake in Guodian Xuanwei Electricity from Yunan Investment Group for US$92.2 million.

Upon the completion of the deal, GD Power Development will possess a 66 percent stake in Xuanwei Electricity.

The company aborted its initial plan to buy a 25 percent stake in Guodian Xuanwei Electricity from Yunnan Yinta Power Engineering, Yunnan Yaorong Electricity and Yunnan Power Design.