Reuters: China may merge metals giants Minmetals and China National Gold

Section:

By Kane Wu and Julie Zhu
Reuters
Tuesday, July 18, 2017

HONG KONG -- China is considering a merger between China Minmetals Corp, one of the country's largest miners and metals traders, and China National Gold Group, as Beijing pushes consolidation of its state-run firms, sources with knowledge of the matter said.

Three sources with knowledge of the discussions said the two state-owned firms have been in negotiations for months, though any agreement could still be some time away.

The talks between two of China's largest metals producers are part of Beijing's broad efforts to shake up its indebted and inefficient state sector, streamline the number of companies and create globally competitive firms in sectors including power generation, shipping, and metals. ...

... For the remainder of the report:

https://www.reuters.com/article/us-china-minmetals-m-a-idUSKBN1A30JR



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