CHINESE INVESTMENT IN PORTUGAL

In the last years, the adherence to the privatizations has been on the agenda with the increasing of the Chinese investments in Portugal – which has been the door to the European market and to the countries that have Portuguese has a native language.

With an investment of approximately EUR 4 billion Portugal was the stage to: (1) the acquisition of 21.35% of the EDP for EUR 2.7 billion by the China Three Gorges in 2011; the purchase of a participation of 25% of REN for EUR 387 million by State Grid in 2012; and (3) the acquisition of 80% of Fidelidade, Multicare and Cares (insurance portfolio of Caixa Geral de Depósitos) for approximately EUR 1 billion by FOSUN in the beginning of 2014.

Read more: http://www.ionline.pt/iopiniao/os-investimentos-chineses-portugal