China State Grid And Oman Oil Give An Offer REN Cannot Refuse

CFW View: China State Grid International (State Grid) and Oman Oil Co (SAOC)'s purchase of a combined 40% stake in Portuguese power grid operator Redes Energeticas Nacionais (REN) is highlighting an important industry trend. As war-battered European countries are struggling with mounting debt and threatening defaults, we continue to see increased direct foreign, notably Chinese, investment into the previously protected energy sector.

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