From Wikipedia. Note ownership by the government of China.
January 25, 2019
CTG launched a bid to take control of EDP, of which it already owns 23 percent, in May last year, but the transaction has moved at a slow pace.
Sources say CTG has yet to complete regulatory filings in Europe and the United States, although Portugal’s regulator said there are no signs the Chinese state-owned utility is preparing to abandon the deal..............
The deal also faces hurdles in the United States, given that EDP’s renewables arm, EDP Renovaveis SA (EDPR), has around $7 billion of assets in the country, making it subject to regulatory approval there.
The Committee on Foreign Investment in the United States (CFIUS), which examines deals for national security risks, has stepped up its scrutiny since Donald Trump became president in 2017, with Chinese investment in particular facing closer examination.
CTG has tried to sound out bidders for EDPR including Italy’s Enel, Spain’s Iberdrola to reduce the risk of U.S. objections but talks stopped as the process kept dragging on, sources said....................
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