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China State Grid launches takeover bid for Brazil’s CPFL Energia

Fri, 17th Feb 2017

The China State Grid group plans to launch a tender offer for the remaining capital of Brazilian company CPFL Energia that it does not yet control, under a plan to remove shares from the stock market, CPFL Energia said in a statement to the market.
The Chinese group, which in January increased its stake to 54.64% of CPFL Energia and its subsidiary ... More