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Portugal News

Chinese New Year
Portugal’s privatisation programme is off to an auspicious start. China’s deep pockets have triumphed over politics in Lisbon’s sale of a stake in Energias de Portugal (EDP). Three Gorges Corporation is buying 21 pct of Portugal’s main utility for a top price of 2.7 billion euros, and throwing in a bonus bundle of low-cost, long-term bank financing and investment commitments.