The screen scrab of Germany-based energy group EEW's official website. [Photo: eew-group.com]

It is being reported that Beijing Enterprises, a Chinese public utilities provider, is considering acquiring the German energy group EEW for 1.6 billion US dollars.

If completed, the acquisition for 1.44 billion euros, 1.6 billion US dollars, would be one of the biggest-ever direct investments by China in Germany.

Swedish private equity group EQT, which owns over 50 percent of the shares in EEW, said the transaction is expected to be finalized by the end of February.

EEW is a leading energy-from-waste company in Germany, operating 19 waste incineration plants in total.

On Thursday, Beijing Enterprises suspended its trading in the Hong Kong exchanges for reasons not disclosed.