TRADING HALTED IN PORTUGAL ENERGY PROVIDER AMID CORRUPTION PROBE

On 6 July, AP reported that the Lisbon stock exchange suspended trading in Portugal’s national energy provider EDP and its international renewable energy division after media reports said a magistrate had suspended the chief executives of both companies amid a major corruption investigation. EDP is one of Portugal’s biggest companies, with significant interests in the US renewable energy market and businesses in 19 countries on 4 continents. Its biggest shareholder is China Three Gorges, with about 21.5%.

https://apnews.com/b58f66c5b74374a3ff0f1ca1fc0167c6

 

 

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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