Chinese investors have acquired over €5 billion’s (US$5.76 billion) worth of shares in listed companies in Portugal, making them the largest group of foreign investors in the Portuguese stock exchange, Portuguese online newspaper Dinheiro Vivo reported.

According to the newspaper, Chinese state-owned companies are overall the third largest investor on the Lisbon stock exchange, with shares valued at €3.9 billion in Portuguese electricity company EDP and power grid company REN – Rede Eléctrica Nacional.

The stake owned by Chinese companies may exceed €6.6 billion if China Three Gorges succeeds in its takeover bid for EDP.

According to Dinheiro Vivo, one of the largest Chinese conglomerates, Fosun, holds more than €1 billion in Portuguese stocks listed on the stock market, mainly thanks to the 27% it owns in private bank BCP. (macauhub)