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EDPFY Energias De Portugal SA (PK)

33.11
0.59 (1.81%)
03 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Energias De Portugal SA (PK) USOTC:EDPFY OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.59 1.81% 33.11 32.34 33.61 33.19 32.904 32.92 132,850 22:00:02

EDP Completes Acquisition of Majority Stake in Sunseap Group

24/02/2022 6:54am

Dow Jones News


Energias De Portugal (PK) (USOTC:EDPFY)
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By Giulia Petroni

 

EDP-Energias de Portugal SA on Thursday said that it has completed the acquisition of a 91% stake in Singapore-based solar player Sunseap Group Pte. Ltd. through its renewable subsidiary EDP Renovaveis SA.

The Portuguese energy company said the total consideration for the majority stake is 600 million euros ($679.5 million), while the enterprise value of the transaction is EUR900 million as of December.

"This acquisition allows EDP to establish a portfolio for the Asia-Pacific region of close to 10 gigawatts of solar projects, of which 563 megawatts operating and under construction," EDP said.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

February 24, 2022 01:39 ET (06:39 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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