Exclusive: Portugal's EDP could create Latam JV with China Three Gorges if takeover bid fails - sources


Portugal's EDP could create Latam JV with China Three Gorges if takeover bid fails - sourcesLONDON/SAO PAULO (Reuters) - Portugal's Energia de Portugal EDP could propose a joint venture with China Three Gorges (CTG) allowing CTG to expand its foothold in Brazil and Latin America if the Chinese power giant's bid to take over EDP fails, people familiar with the matter said. CTG, EDP's main shareholder with a 23 percent stake, is among Chinese state-backed companies that have been increasing their investments in European countries such as Portugal, Greece and Cyprus over the past few years.



Tags: Science, London, Cyprus, Portugal, Brazil, Latin America, Ctg, EDP, China Three Gorges, China Three Gorges CTG, SAO PAULO Reuters Portugal, Energia de Portugal EDP, CTG EDP, Portugal Greece

Source:  https://news.yahoo.com/exclusive-portugals-edp-could-create-latam-jv-china-134730865--finance.html