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EDP to reject CTG takeover bid

by TPN/Lusa, in News · 15-05-2018 08:40:00 · 0 Comments

Portuguese power utility EDP - Energias de Portugal is preparing to reject a takeover bid by China Three Gorges (CTG) saying the consideration is too low Bloomberg said on Monday.

EDP to reject CTG takeover bid

 

The EDP board is expected to meet later this week to announce that the €3.26 a share is too low and that it undervalues the company.

 

Sources have said that EDP is working with financial consultants, including UBS to help defend it against the takeover bid from CTG.

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Edition 1500
10 November 2018
Edition: 1500

Read this week's issue online exactly as it appears in print.

Twitter

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