Chris Hughes, Columnist

An $11 Billion Chinese Deal Risks Dividing Europe

Brussels and investors may not be as relaxed as Portugal about a bid from China's biggest clean energy firm.

May 13, 2018 at 9:47 PM UTC

Updated on

May 14, 2018 at 7:50 AM UTC

Chris Hughes is a Bloomberg Opinion columnist covering deals. Previously, he worked for Reuters Breakingviews, the Financial Times and the Independent newspaper.

EDP’s Alqueva dam, near Moura in Portugal. — EDP’s Alqueva dam, near Moura in Portugal.
Photographer: MARIO PROENCA/Mario Proenca

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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.