StateGridCorpofChina,thecountry'sbiggestutility,planstobuytheremainingsharesitdoesnotowninBrazilianpowergroupCPFLEnergiaSA,SinaFinancereported.Ifthedealissucces
TheStateGridCorporationofChina,thecountry'sbiggestpowersupplier,saidonWednesdaythatithascompletedthepurchaseofa24percentstakeinGreece'spowergridoperator(ADMIE).
State Grid Corp of China reached a deal to gain control of Brazil's CPFL Energia SA, after two major shareholders agreed to sell the Chinese company their stakes in the $7.3 billion utility, people with knowledge of the matter said.
Wu Zhouchun, former boss of Guangdong Power Grid, is being investigated over suspected serious discipline violations, the Guangdong provincial commission of discipline inspection of the Communist Party of China said Sunday.
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