China State Grid to invest more in European utilities if price right

China is ready to invest further in European utilities if it finds the right opportunity and is happy about its first investments in Portuguese utilities, a Chinese official said.

The State Grid Corporation of China (SGCC) bought a 25 per cent stake in Portugal’s power grid operator REN in February last year.

The utility China Three Gorges owns a 21 per cent stake in Energias de Portugal (EDP) as well as a 49 per cent stake in the Portuguese unit of EDP’s wind energy arm EDP Renovaveis.

via Business feed http://www.scmp.com/business/companies/article/1253127/china-state-grid-invest-more-european-utilities-if-price-right