Posts filtered by tags: China Three Gorges CTG[x]


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

LONDON/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 yea...
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

Exclusive: EDP readies sale of electricity generation assets in Portugal - sources

LONDON/LISBON (Reuters) - EDP-Energia de Portugal is working on a plan to sell some of its electricity generation assets in Portugal, three sources close to the matter said, in an effort to free up cash to drive its renewable energy expansion. EDP, which was approached last year by China Three Gorges (CTG) with a 9 billion euro takeover proposal, owns conventional generation assets in Portugal and Spain that are worth around 1.7 billion euros ($1.9 billion). It is currently looking to divest p...
Tags: Science, London, Spain, Portugal, EDP, China Three Gorges CTG, LISBON Reuters EDP Energia

Insight: In Portugal, trust in China is the art of the deal

LISBON (Reuters) - Utility company EDP may balk at the meagre 5 percent premium offered for its shares by China Three Gorges (CTG) but the battle for Portugal's biggest business has largely played out already.
Tags: Money, China, businessNews, Portugal, Lisbon, EDP, Reuters Utility, China Three Gorges CTG