CGN Weighing Sale of $2 Billion European Renewable Assets, Sources Say
- Chinese firm is working with Citic Securities on the disposal
- Paris-based CGN unit runs projects across Europe and Africa
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China General Nuclear Power Corp. is considering selling its portfolio of renewable energy assets in Europe in a deal that could fetch more than $2 billion, people with knowledge of the matter said.
The Chinese firm is working with Citic Securities Co. on the potential disposal of CGN Europe Energy, said the people, who asked not to be identified as the information is private. The state-backed giant has started sounding out industry players as well as private equity firms about a sale, the people said.