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EDP sees merits in Chinese suitor's plans, but offer too low

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LISBON EDP-Energias de Portugal sees merits in the plans of suitor China Three Gorges (CTG), it said on Saturday, signalling it may be open to an improved offer after rejecting a 9 billion euro (8 billion pounds) takeover proposal as too low.

UPDATE 1-Goldman Sachs, KKR invest $360 mln in Portugal tech firm 05 Jun 2018

LISBON, June 5 Portugal's OutSystems, a platform which allows users to build software applications with minimal coding, has raised $360 million from Goldman Sachs and U.S. investment firm KKR, valuing it at more than $1 billion and allowing it to beef up its leading position in this niche market.

Goldman Sachs, KKR invest $360 mln in Portugal start-up 05 Jun 2018

LISBON, June 5 Portugal's OutSystems, a low-code application platform, has raised $360 million from Goldman Sachs and U.S. investment firm KKR, valuing the company at more than $1 billion, it said on Tuesday.

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Portugal's EDP not subject to management limits under China bid -regulator 01 Jun 2018

LISBON EDP-Energias de Portugal will remain under normal management without limitations usually imposed by takeover rules because these do not apply to the bid by the state-owned, unlisted entity China Three Gorges, market regulator CMVM said on Friday.

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Portugal unemployment rate slips to 7.4 percent in April - INE 30 May 2018

LISBON Portugal's monthly unemployment rate fell to 7.4 percent in April from a revised reading of 7.5 percent the previous month, which was the lowest in 14 years, data from the National Statistics Institute showed on Wednesday.

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Portugal economic growth slows down in first quarter on exports 30 May 2018

LISBON Portugal's economic growth slowed down in the first quarter to 0.4 percent after 0.7 percent in the last three months of 2017, weighed down by lower net exports, official data showed on Wednesday, confirming an earlier estimate.

Portugal antitrust body rejects Altice remedies in Media Capital deal 29 May 2018

LISBON Portugal's competition authority has rejected a package of market remedies proposed by Dutch-based Altice to secure a takeover of Portugal's Media Capital, owner of the TVI television channel.

Altice refuses to propose new remedies in Media Capital deal 29 May 2018

LISBON Dutch-based Altice will not propose any new market remedies to secure a takeover of Media Capital after its earlier proposals were rejected by Portugal's antitrust authority, but will still pursue the deal, Altice said on Tuesday.

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In Portugal, trust in China is the art of the deal 29 May 2018

LISBON Utility company EDP may balk at the meagre 5 percent premium offered for its shares by China Three Gorges (CTG) but the battle for Portugal's biggest business has largely played out already.

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Portugal's watchdog waives takeover rule in China Three Gorges EDP bid 23 May 2018

LISBON Portugal's market watchdog has waived a requirement in its takeover rules that will make it easier for China Three Gorges to pursue its bid for utility EDP-Energias de Portugal .

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Afghans 'tired of war', say exhausted peace marchers in Kabul

KABUL Hundreds of Afghan peace marchers arrived exhausted in the capital, Kabul, on Monday after spending the fasting month of Ramadan crossing the sun-baked, war-torn country, much of it under Taliban control.