This content is from:APP亚博娱乐

EDP Sells $515M Brazilian Unit Stake

EDP Energias de Portugal has sold shares worth $514.7 million of its Brazilian unit.

    EDP Energias de Portugalhas sold shares worth $514.7 million of its Brazilian unit,The Wall Street Journalreports. The Portuguese electric energy company reduced its stake inEnergias do Brasilfrom 64.8% to 51%.

    The company sold the shares through a public offering on theSao Paulo Stock Exchange.Espirito Santo Investment Bank,Banco Itau,Morgan StanleyandBanco Santanderserved as the coordinators for the sale.

    Click here for the story fromThe Wall Street Journal.

    Related Content