General Electric Company (NYSE: GE), Huaneng (NYSE: HNP), and Cisco Systems (NASDAQ: CSCO) shoot higher

Cisco Systems, Inc. (NASDAQ:CSCO) catches a bullish trend

In brief: Huaneng is in talks to buy a stake in InterGen. At the same time, General Electric Company (NYSE: GE) and Cisco Systems, Inc. (NASDAQ: CSCO) shares are rising.

General Electric Company (NYSE:GE) starts trading in the green zone, rising to 15.62 by +0.04 (0.26%). Cisco Systems, Inc. (NASDAQ:CSCO) shares go up to 22.41 points, gaining +0.36 (1.63%).

According to a well-informed sources, China’s leading electric power company Huaneng Power International, Inc. (NYSE: HNP) is in talks to buy a share of InterGen to the sum of $ 1.2 billion. It is reported that the state-owned Huaneng expects to acquire 50% stake in InterGen and is still able to pay $ 1,4 billion for India’s GMR Infrastructure’s collateral assets. It is worth noting that Huaneng may gain access to 12 factories in the UK, the Netherlands, Mexico, Australia and the Philippines.

Igor Tringlers
2010-08-18 17:18, Economics.

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