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Renewable Energy: SOE Overseas M&A Case State Grid Aquires CGE

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State Grid Corporation of China announced on November 13 that State Grid and Spanish Energy Group signed an equity purchase agreement through an online video to acquire the latter's equity in Chilean CGE.

The CGE project is the second-largest overseas investment project of State Grid since its international business and one of the largest investment projects by China in Chile in recent years.

1) What are the terms of this agreement?
2) How will it impact other industries?
3) Who are the key players?

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