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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)
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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


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