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
  -0.016 -0.36% 4.463 4.41 4.464 4.508 4.416 4.475 5,805,208 16:40:00

Portuguese Government Raises EUR356.1 Million From EDP Stake Sale

14/02/2013 3:26pm

Dow Jones News

EDP Energias DE Portugal (EU:EDP)
Historical Stock Chart

From Jan 2017 to Jan 2022

Click Here for more EDP Energias DE Portugal Charts.

By Patricia Kowsmann

Portugal's government said Thursday that it will raise 356.1 million euros ($455.4 million) from the sale of its remaining 4.1% stake in EDP-Energias de Portugal SA (EDP.LB).

The government launched a private offer for institutional investors earlier Thursday, with Morgan Stanley and Portugal's Caixa Geral de Depositos as bookrunners.

It sold 151.5 million shares at EUR2.35, according to a statement, below the market value of EUR2.422 a share before trading was suspended early morning.

Portugal sold a 21% stake in EDP in late 2011 to China's Three Gorges Corp. as part of a requirement under its international bailout.

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

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

1 Year EDP Energias DE Portugal Chart

1 Year EDP Energias DE Portugal Chart

1 Month EDP Energias DE Portugal Chart

1 Month EDP Energias DE Portugal Chart
ADVFN Advertorial
Your Recent History
EDP Energi..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220129 07:31:54