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Posted by portugalpress on June 12, 2018

Initially slammed for falling way too short, the Chinese bid for majority ownership of EDP is still on the table and subject to negotiations.

The electrical company’s administrative boss António Mexia has recognised the €9 billion bid has “merit”, particularly as EDP’s share price has increased by 8% since it was lodged.

Say reports, Mexia wants clarification on China Three Gorges’ “model of implementation” as this remains unclear.

The bid by CTG came last month (click here).

natasha.donn@algarveresident.com

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