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EDP-Energias — M&A Activity 2015
Jul 15, 2015
1909_iss_2015-07-15_9ddb9fb1-cb73-45c1-9e8c-95d966c7710b.pdf
M&A Activity
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Investors & Analysts' Briefing
EDP BRASIL ANNOUNCES THE DISPOSAL OF TWO MINI-HYDRO PLANTS IN MATO GROSSO DO SUL
Reuters: EDP.LS Bloomberg: EDP PL
Lisbon, July 15th 2015: Pursuant to the terms and for the purposes of article 248 of the Portuguese Securities code, EDP - Energias de Portugal SA ("EDP") is providing the following information to the market:
EDP – Energias do Brasil S.A. ("EDP Brasil"), 51% controlled by EDP, signed a sale and purchase agreement with Cachoeira Escura Energética S.A. for the sale of 100% of Pantanal Energética Ltda ("Pantanal") for R\$ 390 million.
Pantanal holds an installed capacity of 51MW through two mini-hydro plants, UHE Assis Chateubriand (Mimoso) and PCH Paraiso I, with an installed capacity of 29MW and 22MW, respectively, and both located in the state of Mato Grosso do Sul.
The conclusion of the transaction is expected to occur until the end of the first quarter of 2016 and is subject to the customary regulatory approvals.
EDP – Energias de Portugal. S.A.
Investor Relations Department
Miguel Viana, Head of IR Sónia Pimpão Elisabete Ferreira João Machado Maria Joao Matias Noélia Rocha phone +351 21 001 2834 fax +351 21 001 2899 [email protected]