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China Southern Power Grid buys share of European utility

“State-owned China Southern Power Grid has acquired a 25.48% stake in the Luxembourg utility company Encevo S.A., following its acquisition of a 27.8% stake in Chile’s largest transmission enterprise in March, The Paper reported. Encevo currently operates more than 10,150 km of transmission lines and more than 3,700 km of gas pipelines in Europe. Its subsidiaries are responsible for selling energy to customers in Luxembourg and Germany.”

Source: China Southern Power Grid buys share of European utility | Asia Times

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