EDP shareholders to vote on China Three Gorges takeover

Market regulator CMVM has set Wednesday, April 24 as the limit for the proposed Public Acquisition Offer from the Chinese energy giant China Three Gorges for greater control of Portugal’s energy supplier EDP.

Shareholders will vote in a secret ballot to decide the ownership of the company. If the bid fails, a proposed joint venture with CTG – Chinese state-owned company — would allow CTG to expand its foothold in Brazil and Latin America.