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EDP Renovaveis SA Completes Sale of 49% Stake in EDP Renovaveis Portugal SA


Friday, 28 Jun 2013 04:40am EDT 

EDP Renovaveis SA (EDPR) announced that following the information released to the market on December 20, 2012 and the obtainment of the relevant regulatory approvals, the Company has completed the sale of 49% equity shareholding and 25% of the outstanding shareholders loans in EDP Renovaveis Portugal SA (EDPR PT) for a final consideration of EUR 368 million, including the customary price adjustments to CITIC CWEI Renewables SCA in the context of the strategic partnership between EDPR’s principal shareholder, EDP Energias de Portugal SA and CTG, established in December 2011 that entered into force in May 2012. 

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