Germany’s 10-year government bonds rose, pushing yields down from the highest level in 17 months, as a U.S. labor-market report added to signs a global selloff in fixed-income securities was excessive.
Tele Norte Leste Participacoes SA is likely to be chosen by President Luiz Inacio Lula da Silva to manage Brazil’s broadband Internet network, Diario Economico reported, citing unidentified people in the country’s telecommunications industry.
China Power International is willing to buy a 20 percent stake in utility EDP-Energias de Portugal SA that the Portuguese government plans to sell, Diario Economico reported, citing unidentified people linked to the process.
Portugal Telecom SGPS SA plans to ensure it has veto rights over key decisions in Tele Norte Leste Participacoes SA, or Oi, Diario Economico said, citing a report in Brazilian newspaper Valor Economico.
Eni SpA is asking 4.7 billion euros ($6.2 billion), or 17 euros a share, for its 33.34 percent stake in Portuguese oil-and-gas company Galp Energia SGPS SA, Diario Economico reported, without saying where it got the information. A spokesman for the Italian company declined to comment on that figure, the newspaper said.
Galp Energia SGPS SA is discussing an agreement with Petroleo Brasileiro SA of Brazil and Angola’s Sonangol SA about the development of joint businesses, Diario Economico reported, without saying how it obtained the information.
EDP-Energias de Portugal SA may merge with its renewable energy unit EDP Renovaveis SA in the medium term as part of China Three Gorges Corp.’s strategy for the utility, Diario Economico reported today, without saying how it obtained the information.
The Brazilian government is open to the idea of Portugal Telecom SGPS SA continuing to be active in the Latin American country, Diario Economico reported, citing an unidentified person in the Portuguese government.
REN-Redes Energeticas Nacionais SA, the operator of Portugal’s power and gas networks, plans to bid for projects that Brazilian electricity regulator Aneel will auction on June 11, Diario Economico reported, without saying how it obtained the information.