On 19 November 2013, CLP Group and China Southern Power Grid Company (CSG) announced its acquisition of Exxon's 60% stake in Capco for HK$24 billion. After the transaction, CLP holds a 70% stake while CSG holds the remaining 30% stake.Stronger relationship up north set to spark expansion The transaction was said to help CLP lower its emission to meet its target in 2020 by importing more renewable energy through CSG's grid. The transaction was completed on May 12, 2014.
