Energias de Portugal SA (EDP) Chief Executive António Mexia has said the Portuguese power company and Chinese electricity generator China Three Gorges Corp. (CTG) hope to enter more markets in Latin America, Reuters reports.
The news agency quotes Mr Mexia as saying so after a EDP shareholders meeting rejected the proposed scrapping of a 25 percent voting right limit, obstructing the effort by Chinese state-owned CTG to take over EDP.
Despite this setback, Mr Mexia said EDP and CTG would maintain their partnership, with all its potential and strength, focusing on Latin American operations.
CTG is the largest shareholder in EDP, owning 23 percent, and has said it will remain a strategic investor in EDP for the long term, Reuters reports.
