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Bloomberg

China Southern Power Grid in Talks for $4 Billion Taqa Stake

(Bloomberg) — 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.Shares in the company, known as Taqa, rose as much as 3.7% to a three-week high on Thursday. A 10% stake could be

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