China Three Gorges, a Chinese state-owned power company, completed the acquisition of a 450MW portfolio from Exus Management, an independent investment and asset management firm, for €500m ($585m). "We are proud to support our clients Corporación Masaveu and Korys on the hugely successful sale of this portfolio. The assets have achieved strong returns year-on-year throughout the duration of their ownership. We look forward to working with China Three Gorges in more depth as we continue to manage their new assets into the foreseeable future," Carlos Tello Garcia, Exus Co-Founder and COO.