Iberdrola buys shares EDP (2)

What is all the confuse about Iberdrola buying shares of EDP. Iberdrola wants as shareholder a piece of the action. Meaning a post in the board of advice, like all other shareholders with more then 2%. The problem is that they are Spanish. Every Portuguese now thinks that they are bought by the Spanish and that highly valuable secret information comes in the hands of those 'awfully' neighbors.

EDP is a semi-governmental electric power supplier in Portugal. Not really big, nothing to say in the European Market but Portuguese. The same is counts for PT, it is a very nice company for the Portuguese market and the old colonies. Not more. Sell them I say!

What did EDP en PT do on the stockmarket. Okay 1 euro in 1995 is now 3,5 euro. But what did the same Spanish companies do. I don't now the figures but I think it is more. Sell those 30% (shares in the hands of the government), it will be obrigatorio (to use a Portuguese word) somewhere in near future (freemarket principal within EU). If you wait till the moment is there EDP will be sold for 1 euro the share instead!!! And then Portugal loses more. No patriotism saves the world.