Latin America’s largest publicly traded power company, Eletrobas, is expected to bid for a 21 per cent share in Portugal’s EDP, which the Portuguese government has put up for sale, Bloomberg reports.

According to Bloomberg, the company did not disclose the financial terms of the offer in a statement to Brazil’s regulator.

Portuguese state holding company Parpublica had said it received six expressions of interest in the stake, but it did not identify the companies involved.

However, a separate report by Lisbon newspaper Diario Economico, said China’s Three Gorges Corporation “may have made a higher offer than Eletrobras” for the stake held by Parpublica.

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