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China Three Gorges proposed 9.07B takeover bid for EDP hits snag

Jan 29, 2019 - SNL Energy Finance Daily

Chinese state-owned China Three Gorges Corp. stopped discussions with European Union regulators over its proposed 9.07 billion takeover of Portugal-based EDP - Energias de Portugal SA, Reuters reported citing two sources close to the matter.

China Three Gorges, or CTG, and European regulators have not had any communication regarding the possible takeover for over a month. The Chinese company in May 2018 launched an all-cash tender offer to purchase a 76.7% stake in EDP that it does not al...