SECTORS:

EXTERNAL NEWS

China Three Gorges Halts Talks With EU Regulators On EDP Takeover: Sources
26 Jan, 2019

China Three Gorges halted talks with EU regulators about its proposed 9 billion euro ($10.3 billion) takeover of Portugal’s EDP-Energia de Portugal over a month ago, two sources close to the matter said, casting doubt on whether the deal will progress. Three sources close to the matter said CTG’s interest in lifting its stake in Portugal’s biggest company has waned due to a combination of factors including a leadership shake-up at the Chinese state-owned utility, the prospect of tougher EU regulations on foreign investment and higher European electricity tariffs.

Source: Reuters - https://www.reuters.com/article/us-edp-m-a-china/china-three-gorges-halts-talks-with-eu-regulators-on-edp-takeover-sources-idUSKCN1PJ2CN