Deals
China Southern Power Grid in Talks for $4 Billion Taqa Stake
- State-owned Chinese firm seeks financing for potential deal
- Purchase would be year’s biggest Chinese outbound acquisition
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China Southern Power Grid Co. is in talks to acquire about a 10% stake in Abu Dhabi National Energy Co., the oil-rich emirate’s biggest utility, people with knowledge of the matter said.
The Chinese state-owned firm is in discussions with banks about financing for the potential purchase, said the people, who asked not to be identified as the information is confidential.