Three Gorges eyes overseas M&A deals

The builder and operator of the world's largest dam, China Three Gorges Corp, will seek merger and acquisition opportunities globally to bolster its presence overseas.

"We are looking for possible acquisitions in markets such as Latin America and Europe, since our last purchase involving a Portuguese utility company has performed well," Executive Vice-President Lin Chuxue told China Daily on the sidelines of the 2015 World Hydropower Congress, a three-day event held by the International Hydropower Association in Beijing.

In 2011, CTG took a 21.35 percent stake in Energias de Portugal SA for 2.69 billion euros ($2.99 billion) and became its single largest shareholder. It was the first acquisition of this type for the Chinese company.