Italy agrees to sell energy grid stake to China

Italy agrees to sell energy grid stake to China
Milan (AFP) July 30, 2014 - Italy has agreed to sell a 35 percent stake in its electricity grid to China's state power company for at least 2.1 billion euros ($2.8 billion) as part of its privatisation drive. The board of state holding company Cassa Depositi e Prestiti (CDP) on Wednesday gave the green light for the sale to China's State Grid Corp., according to a statement. The deal is the latest move by China to ... morehttp://www.energy-daily.com/reports/Italy_agrees_to_sell_energy_grid_stake_to_China_999.html