Huaneng buys GMR's stake in InterGen

China Huaneng Group gains control of a global portfolio of power-generating assets after being declared the winning bidder for GMR's 50% equity interest in independent power producer InterGen.

China’s largest power company China Huaneng Group has emerged as the winner in an auction of a 50% ownership interest in Massachusetts-based power utility InterGen. The stake was sold by India’s GMR Group for $1.232 billion.

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