EDP ​​sells 439 km network in Brazil for around 210 million euros – Energy

EDP ​​- Energias de Portugal has announced the sale of a three-piece portfolio in Brazil with Actis Assassoria Investimentos for R$1,329 million, currently equivalent to about €210 million, according to the statement sent. To CMVM (Securities Market Authority).

The sale is made through EDP Brasil, which is 52.64% owned by EDP Portugal, and relates to a land area of ​​approximately 439 square kilometers with annual revenue of R$131 million (€20.21 million). The Company also informs that execution of this transaction is pending applicable regulatory approvals.

“The completion of today’s deal allows EDP to crystallize value through the cycling of these transportation assets, achieving the priority objective of the set strategy for 2021. With this sale and purchase of CELG-T, which took place on the 14th, we have strengthened our presence in the transportation business, representing a sectoral risk Less, and we create additional value for our shareholders, says Joao Marques da Cruz, CEO of EDP Brazil.

In the same statement, the following can be read: “The agreement was concluded through a competitive process and is in line with the company’s asset trading strategy.”

in the middle of this month, EDP ​​- Energias do Brasil Won the auction to acquire 100% of the share capital of Celg Transmissão SA (CELG-T)1,977 million riyals (309 million euros).

With the sale of these three lots and the acquisition of Celg T, EDP now has eight transmission projects in its portfolio which, when commissioned, will total 2,241 kilometers and approximately €108 million in annual revenue.