China Three Gorges attempt to win control of EDP is said to slow
China Three Gorges Corp.'s pursuit of utility EDP-Energias de Portugal SA has slowed as the Chinese energy producer grapples with unexpected obstacles to creating a global renewable-energy powerhouse, people with knowledge of the matter said.
By Bloomberg News
A sudden leadership change at Three Gorges, lingering regulatory and political concerns as well as pressure to raise the EUR 9.1 billion (USD 10.4 billion) offer have led the Chinese to reassess the merits and hurdles of the deal, said the people, who asked not to be identified because the deliberations are private.
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