Published: 6:35pm, 20 Mar, 2017 Updated: 2:55pm, 20 Jul, 2018
China National Nuclear 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 two years, when the two companies were formed from China Nuclear Industry Corp. The merger would be the second in 1999 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.