China has bid $ 11 bn for power company, EDP; this deal may divide Europe

China Three Gorges Corp.'s buyout plan for Portuguese power generator Energias de Portugal SA on Friday, while Portugal seems relaxed about the bid, it may not work for the whole of Europe

Can China, Lisbon, Brussels and international shareholders all get on?
 

Friday's bid for Portuguese power generator EDP-Energias de Portugal SA by China's biggest clean energy group throws contrasting agendas into stark relief. Lisbon appears intensely relaxed about China Three Gorges Corp.'s 9.1 billion-euro ($11 billion) buyout plan. But shareholders, the European Commission and possible counterbidders stand in the Chinese bidder’s way.
 

CTG first invested in the utility in 2012 when the current opposition Social Democratic Party was the part of the ruling coalition. With 23 percent, the Chinese hydropower company now wants to move to more than 50 percent, while