Tag Archives: China Three Gorges

China Three Gorges launches $10.8 billion bid for EDP

China’s state-owned utility China Three Gorges on Friday launched a bid to take control of Portugal’s biggest company EDP, offering a premium of just below 5 percent on the power firm’s closing stock price. The total value of the proposed deal is 9.07 billion euros ($10.83 billion), excluding a 23 percent stake already owned by … Continue reading China Three Gorges launches $10.8 billion bid for EDP

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