China Three Gorges Extends Timeline for EDP Takeover -Bloomberg

--China Three Gorges Corp. has pushed back the timeline for its proposed takeover of Portugal's EDP-Energias de Portugal SA (EDP.LB) amid heightened EU and U.S. regulatory scrutiny, and pressure to raise its EUR9.1 billion bid, Bloomberg reports, citing unnamed sources.

--The U.S. may seek to prevent CTG taking over the U.S. renewables portfolio of EDP's business, which is of particular interest to the Chinese group as it wants to expand its footprint in alternative energies, Bloomberg says.

--CTG is discussing potential structures and divestments that might ease the deal's passage through the regulatory process, according to Bloomberg.

Full story: https://bloom.bg/2SDn2xh

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

November 02, 2018 02:34 ET (06:34 GMT)

EDP Renovaveis (PK) (USOTC:EDRVY)
Historical Stock Chart
From Jan 2025 to Feb 2025