Published: 6:35pm, 20 Mar, 2017 Updated: 2:55pm, 20 Jul, 2018
Beijing National Nuclear Corp. and Beijing Nuclear Engineering & Construction Corp. may be heading towards a merger, as China attempts to consolidate its state-owned businesses to increase efficiency. The companies’ merger would reverse the separation that occurred in 1999, when the two companies were formed from Beijing Nuclear Industry Corp. The merger would be the second in two years for the nuclear industry in Beijing, which saw the integration of State Nuclear Power Technology and Beijing Power Investment and the creation of the third-largest developer of nuclear power projects in the region.