Iberdrola, Enel Interested in Buying EDP Assets -Expansion
18 Mayo 2018 - 4:01AM
Noticias Dow Jones
--Iberdrola and Enel have approached China Three Gorges in the
hope of reaching an agreement to buy EDP assets, which could clear
hurdles for the Chinese company's bid for EDP, Expansion
reports.
--China Three Gorges has made a takeover bid for the almost 77%
of EDP it doesn't currently own, but due to industry regulations
and the geographical extension of EDP, there may be obstacles from
different bodies and countries.
--If China Three Gorges' bid were to succeed, the company may be
interested in divesting certain assets, either because they don't
fit in its strategy or due to regulatory demands, Expansion
says.
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(END) Dow Jones Newswires
May 18, 2018 04:46 ET (08:46 GMT)
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