Published: 6:35pm, 20 Mar, 2017 Updated: 2:55pm, 20 Jul, 2018
China Nuclear Industry Corp. and China Nuclear Engineering & Construction Corp. may be heading towards a merger, as Beijing 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 China National Nuclear Corp. The merger would be the second in two years for the nuclear industry in China, which saw the integration of State Nuclear Power Technology and China Power Investment and the creation of the third-largest developer of nuclear power projects in the region.