Rival tender offer to Renováveis may move ahead of the offer from China Three Gorges

EDP Renováveis asked the CMVM how the procedure would go if a takeover bid was made against the one put forth by China Three Gorges.

The possibility of a new takeover bid on EDP Renováveis has gained momentum in recent weeks. And the wind power company asked the CMVM whether a potential bidding competitor could be registered prior to China Three Gorges' offer.

In response to that request, the capital market supervisor clarified that "any competing bid may be registered before the initial offer, taking into account the autonomy between the registration procedures for each of those offers, provided all legal requirements on which that registration depends upon are completed beforehand."

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