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EDPFY Energias De Portugal SA (PK)

37.94
-0.67 (-1.74%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Energias De Portugal SA (PK) USOTC:EDPFY OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.67 -1.74% 37.94 37.03 38.51 37.94 37.4827 37.82 63,204 21:00:32

Iberdrola, Enel Interested in Buying EDP Assets -Expansion

18/05/2018 10:01am

Dow Jones News


Energias De Portugal (PK) (USOTC:EDPFY)
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--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.

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

May 18, 2018 04:46 ET (08:46 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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