China Three Gorges Corp. late Friday said it plans to launch a €9.07 billion ($10.8 billion) offer to acquire the almost 77% it doesn’t already own of Portugal’s main energy utility, a bold move to expand further into Europe’s power sector that will likely attract heavy scrutiny from the U.S. and other governments in the West. By consolidating its ownership of Energias de Portugal SA, or EDP, China Three Gorges, or CTG, would gain full control of Portugal’s largest electricity producer, distributor and supplier. But it also...

Source: Wall Street Journal May 12, 2018 18:08 UTC