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Naturgy sells Chilean unit to China's State Grid for $3 billion

By Reuters Staff
2 Min Read
MADRID (Reuters) - Spanish power company Naturgy NTGY.MC said on Friday it had agreed to sell 96% of its Chilean utility Compania General de Electricidad CGE.SN to China s State Grid International Development for 2.57 billion euros ($3.04 billion).
FILE PHOTO: The logo of Spanish energy company Naturgy is seen in the door of its headquarters in Madrid, Spain, October 9, 2018. REUTERS/Sergio Perez
Naturgy, whose shares jumped 5.9% after the announcement, said it expected to book a pre-tax capital gain of about 400 million euros on the sale.
Its earnings have suffered as the COVID-19 pandemic sapped energy demand, weighing on gas prices that were already low because of oversupply. Even after Friday’s bounce, shares were still down around 13% on the year. ....

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Canciller (s) aborda reunión con gigante china State Grid y recalca: "Todos debemos cumplir las reglas del juego"

Canciller (s) aborda reunión con gigante china State Grid y recalca: "Todos debemos cumplir las reglas del juego"
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Lukas Palacios , China State Grid International Development , China State Grid , Chinese State , Satate Grid , Office Of National , சீனா நிலை கட்டம் சர்வதேச வளர்ச்சி , சீனா நிலை கட்டம் , சீன நிலை , அலுவலகம் ஆஃப் தேசிய ,

Italy welcomes Chinese investments, but competition fears linger

Italy welcomes Chinese investments, but competition fears linger
chinadialogue.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadialogue.net Daily Mail and Mail on Sunday newspapers.

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Tomas Bradanovic: Los chinos y la electricidad

Tomas Bradanovic: Los chinos y la electricidad
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