AI assistant
EDP-Energias — M&A Activity 2022
Feb 7, 2022
1909_iss_2022-02-07_83bd4ac1-26c0-4b0a-bd10-66b3fca8f306.pdf
M&A Activity
Open in viewerOpens in your device viewer
EDP ENERGIAS DO BRASIL CONCLUDES INVESTMENT IN CELG-T
Investors & Analysts' Briefing
Reuters: EDP.LS Bloomberg: EDP PL Lisbon, February 7th, 2022: Pursuant to the terms and for the purposes of article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council, EDP - Energias de Portugal, S.A. ("EDP") is providing the following information to the market:
EDP – Energias do Brasil, S.A. ("EDP Energias do Brasil"), 55.97%1 held by EDP, following the market release on October 14th , 2021, concluded the investment in 99.99% of Celg Transmissão S.A. ("Celg-T") equity shares, for an amount of R\$2,115m (€347m, at a EUR/BRL 6.10 rate).
The transaction is aligned with EDP's growth strategy for the regulated electricity networks in Brazil, that was defined in the 2021-2025 business plan.
EDP – Energias de Portugal. S.A.
Investor Relations Department
phone +351 21 001 2834 [email protected]
1 EDP owns directly 55.54% of EDP Energias do Brasil, however consolidates 55.97% as it holds treasury stock.