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| Name | Symbol | Market | Type |
|---|---|---|---|
| EDP Renovaveis SA (PK) | USOTC:EDRVY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 31.24 | 0.01 | 889.61 | 0.00 | 21:13:57 |
From Jun 2019 to Jun 2024
By Olivia Bugault
EDP-Energias de Portugal SA said late Wednesday that it has signed a deal with Canadian-based Connor, Clark & Lunn Infrastructure for the sale of an 80% stake in a wind and solar portfolio.
Under the sale and purchase agreement, the Portuguese energy company, through its 82.6% owned subsidiary EDP Renovaveis S/A, will sell the 80% stake for an enterprise value of $676 million, it said.
The wind and solar portfolio located in the U.S. comprises four wind farms in operation and one solar asset for a total of 563 megawatts, it said.
"With the transaction announced today, EDPR already executed more than 55% of the EUR4 billion ($4.74 billion) target proceeds for 2019-22, as announced in the strategic update of March 12, 2019," it said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
September 03, 2020 02:46 ET (06:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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