China invests 5.65 billion euros in Portugal since 2011

16 October 2014

Over the past three years the Chinese authorities have invested 5.65 billion euros in mergers and acquisitions of Portuguese companies, according to Portuguese financial daily Diário Económico.

The recent acquisition of healthcare company Espirito Santo Saude by China’s Fosun International has further boosted the influence of Chinese companies in mergers and acquisitions that have targeted Portuguese companies.

With the 478.5 million euros that Fosun’s Portuguese insurance arm Fidelidade proposes to pay for 100 percent of ES Saude China’s total investment in the purchase of Portuguese companies rises to 5.65 billion euros in the last three years.

The figure accounts for 40 percent of total mergers and acquisitions of Portuguese companies in the period. In the last three years, the total stood at 14.28 billion euros, according to Diário Económico’s calculations based on figures compiled by Bloomberg.

The sectors of choice for Chinese companies have been energy and insurance despite having also shown interest in the water sector. In energy Chinese investment amounts to 3.43 billion euros in buying stakes in power company EDP and power grid company REN as well as acquisition of renewable energy assets of EDP Renováveis. (macauhub/CN/PT)