State Grid International Development Co., Ltd. formally launched a takeover bid to acquire the remaining 3.96% stake in Compañía General de Electricidad S.A. (SNSE:CGE) on June 22, 2021. In a related transaction, State Grid International Development Co., Ltd. reached an agreement to acquire 96.04% stake in Compañía General de Electricidad S.A. (SNSE:CGE) from Naturgy Energy Group, S.A. (BME:NTGY) and others for CLP 2.3 billion(€2.6 billion) on November 13, 2020. The offer will remain open from June 22, 2021 and is expected to close on July 23, 2021.