EDP has rejected a 100% takeover bid from Chinese state-owned hydro-electricity provider China Three Gorges. Shares had soared by 9% on Monday after the PAO takeover bid netting EDP €1.1Bn [...]
China Three Gorges has launched a €9Bn cash-up-front take-over bid for Portugal’s energy giant EDP. If it goes ahead, the deal would represent one of the largest acquisitions by a Chinese company [...]