Chinese Power Co. Invests €200M In Maltese Energy Supplier

Law360, New York (September 11, 2013, 1:11 PM EDT) -- An energy company backed by the Chinese government will invest roughly €200 million ($265.3 million) in Maltese energy supplier Enemalta Corp., giving China a foothold in the European solar energy market, Malta government officials said Wednesday.

Enemalta and China Power Investment Corp. signed a memorandum of understanding Wednesday after high-level meetings between Malta's Prime Minister Joseph Muscat and China's Premier Li Keqiang. The pact calls for CPIC to make a "direct cash injection" into Enemalta and become a minority shareholder in the energy company.

CPIC will...
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