Investors
& Analysts`
Briefing
Reuters: EDPR.LS
EDPR concludes the sale of minority stakes in Poland and Italyth
Bloomberg: EDPR PL
Madrid, October 272016: Following the information released to the market on
December 28th2015 and the obtainment of the relevant regulatory approvals, EDP
Renováveis, S.A. ("EDPR") announces the completion of the sale of 49% equity shareholding and shareholder loans in a portfolio of wind assets with 548 MW of capacity in Poland and Italy, to ACE Poland S.A.R.L. and ACE Italy S.A.R.L., both of which 100% owned by ACE Investment Fund LP - an entity participated of China Three Gorges Hong Kong Ltd ("CTG HK"), a fully-owned subsidiary of China Three Gorges ("CTG"). Transaction final consideration reached €363 million, reflecting changes mainly arising from: i) adjustment of the transaction perimeter, ii) cash already distributed by those wind farms, iii) customary price adjustments and iv) forex.
The agreement concluded today was made in the context of the €2bn strategic partnership established in Dec-11 between EDPR's principal shareholder, EDP - Energias de Portugal, S.A. ("EDP"), and CTG.
EDP Renováveis, S.A. Investor Relations DepartmentRui Antunes, Head of IR Maria Fontes
Paloma Bastos-Mendes
Phone +34 902 830 700
Fax +34 914 238 429
ir@edpr.com www.edpr.com
EDP Renováveis, S.A. Head office: Plaza de la Gesta, 2 33007 Oviedo, Spain
Share capital: €4,361,540,810 registered in the Commercial Registry Office of Asturias; item 3,671; book 177; sheet no. AS - 37,669; Tax No.A-74219304
EDP Renovaveis SA published this content on 27 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 October 2016 20:51:03 UTC.
Original documenthttp://www.edpr.com/investors/market-notifications/?id=48087
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