China Power Is Willing to Buy 20% of EDP, Diario Economico Says

China Power International is willing to buy a 20 percent stake in utility EDP-Energias de Portugal SA that the Portuguese government plans to sell, Diario Economico reported, citing unidentified people linked to the process.

The Chinese company had initially considered buying a 10 percent stake in EDP, the Portuguese newspaper reported.

To contact the editor responsible for this story: Joao Lima at jlima1@bloomberg.net

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