EDP May Merge With its Renovaveis Unit, Diario Economico Says

EDP-Energias de Portugal SA may merge with its renewable energy unit EDP Renovaveis SA (EDPR) in the medium term as part of China Three Gorges Corp.’s strategy for the utility, Diario Economico reported today, without saying how it obtained the information.

The Chinese company agreed to buy 21 percent of Portugal’s largest utility last week.

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