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CTG Bid for EDP Unlikely to Succeed Unless China Gives up Stake in REN

State-owned enterprise China Three Gorges’ proposed bid for control of Energias de Portugal would likely not be allowable under European Union electricity regulations unless State Grid Corp. of China, another SOE, divests its 25% stakefeatured

Four Essentials from CTFN this Week

FDC/FISV First Look Industry participants that CTFN spoke to believe the deal will be transformative for the industry. Sources referenced customers who believe the companies’ product offerings will be complementary as they do not see the two as direct competitors in most segments. Nevertheless, the two are big companies that do compete in some areas, … Read Morefeatured

ERSE Approval Not Required in Advance for EDP/China Three Gorges

China Three Gorges is not required to submit a formal filing to Portuguese regulator ERSE in order to gain approval for its planned takeover of Portuguese utility Energias de Portugal, a source close to the matter confirmed.featured

CTG to Submit EC Filing for EDP Acquisition in First Quarter

China Three Gorges hopes to submit a formal notification to the European Commission for its planned merger with Energias de Portugal in the first quarter, a source close to the matter told CTFN.featured

Three Essentials from CTFN this Week

RHT/IBM IBM’s acquisition of open source cloud software company Red Hat should not raise major competition concerns, sources told CTFN. NXTM/FRE:GR A decision from the U.S. Federal Trade Commission regarding the acquisition of NxStage Medical by Fresenius is expected any day, FTC sources told CTFN. EDP:PL/China Three Gorges Tiago Corrêa do Amaral, public law and … Read Morefeatured

ERSE Decision on Generg/Datang Raises Question on EDP/China Three Gorges

Portuguese energy regulator ERSE sent China’s state-owned China Datang Overseas Investment Co. a report detailing its position on Datang’s planned takeover offeatured

Four Essentials from CTFN this Week

Fox/Disney The tribunal of Brazilian antitrust agency CADE is expected to clear the planned merger between 21st Century Fox and the Walt Disney Company between the end of January and early February with behavioral commitments, a source familiar with the case told CTFN. Sprint/T-Mobile The April 29-announced Sprint/T-Mobile merger remains under review at the staff … Read Morefeatured

China Three Gorges Committed to Energias de Portugal

State-owned enterprise China Three Gorges is committed to the €3.26 per share offer launched in May for Portuguese utility Energias de Portugal (EDP), and its separate €7.33 bid for Spanish subsidiary EDP Renováveis (EDPR), a source close to thefeatured

Four Essentials from CTFN this Week

EDP:PL Pre-notification discussions between China Three Gorges and the European Commission with regards to CTG’s acquisition of Energias de Portugal are “quite standard” and take a lot of time generally, a person close to the matter told CTFN. AVA/H:CN Signs have emerged among regulatory agencies in the Pacific Northwest that the pending $5.3 billion merger … Read Morefeatured

China Three Gorges Presses Ahead with EDP Regulatory Approval

With additional reporting by Rachel Rigby – Pre-notification discussions between China Three Gorges and the European Commission with regards to CTG’s acquisition of Energias de Portugal are “quite standard” and take a lot of time generally, afeatured

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