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The coal industry's multi-dimensional mergers and acquisitions are gradually entering the fast lane

The coal industry's multi-dimensional mergers and acquisitions are gradually entering the fast lane

  • Categories:Industrial Trend
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  • Time of issue:2018-09-27 10:10
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The coal industry's multi-dimensional mergers and acquisitions are gradually entering the fast lane

(Summary description)The reporter of "Economic Information Daily" learned that, according to the deployment of the State-owned Assets Supervision and Administration Commission of the State Council, a special fund for the optimization and integration of coal resources of central enterprises has been established. It will explore market-oriented and professional reorganization and integration models. A series of new actions have been finalized, including asset management and planning. Listed.

  • Categories:Industrial Trend
  • Author:
  • Origin:
  • Time of issue:2018-09-27 10:10
  • Views:
Information

The reporter of "Economic Information Daily" learned that, according to the deployment of the State-owned Assets Supervision and Administration Commission of the State Council, a special fund for the optimization and integration of coal resources of central enterprises has been established. It will explore market-oriented and professional reorganization and integration models. A series of new actions have been finalized, including asset management and planning. Listed.

This is just a microcosm of the multi-dimensional merger and reorganization of the coal industry entering the "fast lane". Since the second half of this year, there have been frequent actions for integration from the central to the local level, across regions and across ownership. However, it is worth noting that there are still many obstacles to be overcome in order to be effective.

At the beginning of this year, the "Opinions on Further Promoting the Merger, Reorganization, Transformation and Upgrading of Coal Enterprises" issued by the National Development and Reform Commission and 12 ministries and commissions require that "through mergers and reorganizations, the average size of coal enterprises will be significantly expanded, and the integration of upstream and downstream industries will be significantly improved. By the end of 2020 , Strive to form a number of large-scale coal enterprise groups with strong international competitiveness in the country, and develop and cultivate a group of modern coal enterprise groups."

In fact, before this, the State-owned Assets Supervision and Administration Commission has stated that it has steadily promoted the merger and reorganization of central enterprises at the group level, and other central coal-related enterprises withdraw from the coal industry in principle. It is understood that by 2016, there are 22 central enterprises with coal business and assets. One category is specialized coal central enterprises such as Shenhua and China Coal, and the second category is Huaneng, Datang, Huadian, Guodian, State Power Investment, SDIC, and China Resources. The Group and Chinalco and other central enterprises with integrated power and coal, the third category are other coal-related enterprises such as Poly and China Railway Engineering.

In July 2016, Guoyuan Coal Asset Management Co., Ltd. (hereinafter referred to as "Guoyuan Company"), a central enterprise coal asset management platform company funded by China Guoxin Group, Chengtong Group, China Coal Group, and Shenhua Group, was established and operated. China Coal Group is mainly responsible for resource integration. In the following two years, the transfer of coal-related business assets of SDIC, China Railway Engineering and Poly has been completed.

This article is reproduced from the Economic Information Daily

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