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Portugal Sells Stake in Utility to China

Posted December 22nd, 2011 at 3:05 pm (UTC-5)
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Debt-ridden Portugal is selling the one-fifth stake it owns in its national utility to a Chinese energy company. The Lisbon government said Thursday that China Three Gorges is paying $3.5 billion for Portugal’s share in the national utility, Energias de Portugal. It is the first of a number of sales of public-owned assets the government […]

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