Share Name Share Symbol Market Type
EDP Energias DE Portugal SA EU:EDP Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.039 -0.86% 4.497 4.48 4.522 4.549 4.428 4.501 8,835,618 16:40:00

Portugal Seeks to Sell Remaining 4.1% Stake in EDP

14/02/2013 9:09am

Dow Jones News

EDP Energias DE Portugal (EU:EDP)
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By Patricia Kowsmann

LISBON--Portugal's government on Thursday launched an offer to sell its remaining 4.1% stake in EDP-Energias de Portugal SA (EDP.LB) to institutional investors.

The offering opened immediately and has as bookrunners Morgan Stanley and Portugal's Caixa Geral de Depositos, the government said in a statement.

Shares of EDP, which last exchanged hands at EUR2.422, have been suspended from trading.

Based on that share price, the value of the government's stake is of about 367 million euros ($493.9 million).

Write to Patricia Kowsmann at patricia.kowsmann@dowjones.com

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