Portugal PM says change to takeover law not related to Chinese bid for EDP


  • World
  • Thursday, 24 May 2018

FILE PHOTO - Portugal's Prime Minister Antonio Costa speaks during a meeting with Canada's Prime Minister Justin Trudeau (not pictured) on Parliament Hill in Ottawa, Ontario, Canada, May 3, 2018. REUTERS/Chris Wattie

LISBON (Reuters) - Portuguese Prime Minister Antonio Costa said on Wednesday that a change in the country's takeover law last year had nothing to do with a subsequent bid by China Three Gorges for utility Energias de Portugal (EDP), the country's biggest company.

Costa was responding in parliament after an opposition lawmaker asked if the change had been proposed by Pedro Siza Vieira. Vieira became a cabinet minister in October after previously working for law firm Linklaters, which is representing China Three Gorges (CTG) in its bid for EDP.

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