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
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