Chinese takeover bid died. EDP shareholders dictate the end of the operation

EDP's General Meeting. Shengliang Wu and Luís Amado

EDP's General Meeting. Shengliang Wu and Luís Amado

  |  Diana Quintela / Global Imagens

The takeover bid was rejected with 56.60% of the shareholders' votes.

It was a death that had already been announced. And the shareholders of EDP didn't surprise when they left the Chinese shareholders of China Three Gorges in the dark, dictating with their votes the extinction of the takeover bid launched 11 months ago.

The afternoon was already long when the vote on the famous point nine (which in the meantime was made into point eight) of the EDP Shareholders' Meeting, took place. The end result, with 65.18% of the share capital being represented at the meeting, the takeover bid being rejected with 56.60% of the votes.

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