Chinese have already received more than 1.8 billion euros with dividends from EDP

After the 3rd of May, China Three Gorges (CTG) has received an additional 165.8 million euros in dividends from Energias de Portugal (EDP), in what will be the largest “check” since the Chinese won the last phase of privatization of the Portuguese electricity company at the end of 2011.

Since then, the Chinese state-owned company has paid out 1,818 million euros to EDP shareholders, a sum that represents more than two-thirds (68%) of the investment it made more than 11 years ago to buy 21.35% of the capital of Portugal’s largest listed company.

CTG paid 2,693 million euros in November 2011 to assume the status of EDP’s largest shareholder. Despite having reduced its position in the capital over the past few years, especially after the failure of the takeover bid (OPA), the Chinese company participated in the last two capital increases, so it now holds a larger number of shares.

(Source: SAPO)