Thursday , August 18 2022

EDP ​​contracts banks to sell dams – Off the Field



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EDP ​​has already hired two investment banks – UBS and Morgan Stanley – to sell electricity generating assets in the Iberian Peninsula, the Expresso reported on Saturday.

In the strategic plan submitted by the electricity company this year, the provision of € 2 billion will be available through the sale of these assets.

The assets to be diverted include dams in Portugal, and according to Expresso both banks started this week working on the dome, listening to the market without restrictions in the asset portfolio for sale.

The aim of EDP is to have a clear idea of ​​stakeholders in the summer and by the end of the year it will define what assets the company led by António Mexia will sell to one or more investors.

As well as these assets in the production area, EDP offered its shareholders to raise 4 billion pole sales in wind farms.

Author: business

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