Int'l Power's project expansion halted by strikes in Brazil

Construction work for the expansion of International Power's Jirau hydro project in Brazil has been halted as a result of an illegal strike by 16,000 workers.

Construction work for the expansion of International Power's Jirau hydro project in Brazil has been halted as a result of an illegal strike by 16,000 workers.

Nevertheless, the news didn't seem to scare off investors today, who poured into the stock after it announced that it had received an approach from GDF Suez for the remaining 30% that it does not already own.

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