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EDP board to fight Chinese takeover bid

Published on 14/05/2018

As the EDP board will reject the takeover bid from China Three Gorges with the Left Bloc leader, Catarina Martins, saying today that if Chinese deal goes ahead, this would be, "a particularly dangerous move."

“How do we explain that the Portuguese State cannot control our energy and that the Chinese State can?”

This bid is particularly dangerous, says Martins, because the Chinese government already has a large degree of control over REN and EDP by using several State-owned companies and this will “increase our dependence on a foreign state.”