Deals
Huaneng Said to Seek Hong Kong IPO for Alternative Energy Unit
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China Huaneng Group Corp., the nation’s largest electricity producer, applied for an initial public offering for its alternative energy unit in Hong Kong, according to two people with knowledge of the matter.
The Huaneng unit has hired Morgan Stanley, Goldman Sachs Group Inc. and Macquarie Group Ltd. to manage the $1 billion sale, said the people, who declined to be identified because the information is confidential.