12 Ministries Strongly Promote: A Wave of Coal Industry Mergers and Acquisitions Is Set to Begin
Relevant departments will support M&A from industrial, credit, and other aspects; since 2016, the coal industry has shown a good recovery trend, but industrial concentration is not high. On January 5, the "Opinions on Further Promoting Mergers, Reorganizations, Transformation, and Upgrading of Coal Enterprises" (hereinafter referred to as the "Opinions"), released by the National Development and Reform Commission (NDRC) and 11 other ministries, proposed a strong push for mergers and reorganizations in the coal industry. Experts noted that this is the first time relevant departments have issued a dedicated document on coal industry M&A. Industry insiders expect that, driven by the "Opinions," the coal industry, which has emerged from its loss-making predicament thanks to capacity reduction policies, will usher in new development opportunities.
2018-01-12