afp.com Italy has agreed to sell a 35 percent stake in its electricity grid to China's state power company for at least 2.1 billion euros ($2.8 billion) as part of its privatisation drive. The board of state holding company Cassa Depositi e Prestiti (CDP) on Wednesday gave the green light for the sale to China's State Grid Corp., according to a statement. The deal is the latest move by China to buy up government-owned infrastructure in Europe from cash-strapped states still struggling to clean up their finances after the debt crisis. to read more: afp.com
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