EDP block multiple times covered despite virus sell-off

Aidan Gregory

February 27, 2020 03:15 pm

Energias de Portugal_PA_575_375 — (200224) -- NEW YORK, Feb. 24, 2020 (Xinhua) -- An electronic screen shows the trading data at the New York Stock Exchange in New York, the United States, on Feb. 24, 2020. U.S. stocks plunged on Monday with all three major indexes plunging more than 3 percent amid rising risk aversion. The Dow fell 3.56 percent to 27,960.80, and the S&P 500 was down 3.35 percent to 3,225.89, while the Nasdaq was down 3.71 percent to 9,221.28. (Xinhua/Wang Ying) | Wang Ying/Xinhua News Agency/PA Images

China Three Gorges Corp, the Chinese state-owned power company, has successfully offloaded €292m of stock in Portuguese energy firm Energias de Portugal, despite four straight days of heavy losses in European equity markets, due to the spread of the Covid-19 coronavirus across the continent.

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Topics

Health and Biotech BNP Paribas Portugal Equity ABBs-Block Trades Europe EMEA SRI

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Aidan Gregory