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    EDP   PTEDP0AM0009

EDP - ENERGIAS DE PORTUGAL, S.A.

(EDP)
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EDP Energias de Portugal S A : Asset rotation deal of transmission lines in Brazil

10/19/2021 | 09:31am EST
Asset rotation deal of transmission lines in Brazil
Tuesday19, October 2021

Asset rotation deal of transmission lines in Brazil

Lisbon, October 19th, 2021:EDP - Energias do Brasil, S.A. ("EDP Energias do Brasil" or "Company"), 52.64% held by EDP - Energias de Portugal, S.A. celebrated a sale agreement with Actis Assessoria Investimentos Ltda. to formalize the total disposal of a transmission portfolio composed by three transmission lines, with a total length of 439 Kilometers and R$ 131 million in Annual Allowed Revenue ("Receita Anual Permitida" - "RAP"), as follows: (i) EDP Transmissão S.A. (Lot 24), (ii) EDP Maranhão I S.A. (Lot 7), and (iii) EDP Maranhão II S.A. (Lot 11).

The total consideration for the transaction corresponds to an estimated enterprise value of R$ 1,329 million (€ 210 million, considering an exchange rate of 6.33 EUR/BRL), subject to restatement between the present date and the closing date.

This transaction is pending applicable regulatory approvals.

This transaction is part of the asset rotation strategy in the transmission business in Brazil, defined in the business plan 2021-2025, which also includes the recent agreement for the acquisition of CELG-T.

This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council and of article 248-A of the Portuguese Securities code.

EDP - Energias de Portugal. S.A.

Disclaimer

EDP - Energias de Portugal SA published this content on 19 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2021 13:30:02 UTC.


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Sales 2021 12 943 M 14 651 M 14 651 M
Net income 2021 837 M 947 M 947 M
Net Debt 2021 12 283 M 13 903 M 13 903 M
P/E ratio 2021 22,8x
Yield 2021 3,94%
Capitalization 19 205 M 21 644 M 21 739 M
EV / Sales 2021 2,43x
EV / Sales 2022 2,37x
Nbr of Employees 12 232
Free-Float 69,1%
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EDP - Energias de Portugal, S.A. Technical Analysis Chart | EDP | PTEDP0AM0009 | MarketScreener
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Mean consensus BUY
Number of Analysts 23
Last Close Price 4,87 €
Average target price 5,72 €
Spread / Average Target 17,7%
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Managers and Directors
Miguel Stilwell de Andrade Chief Executive Officer, CFO & Executive Director
LuÝs Filipe Marques Amado Chairman-Supervisory Board
Rita Sousa Head-Compliance
Maria Celeste Ferreira Lopes Cardona Member-Supervisory Board
Fernando Maria Masaveu Herrero Member-Supervisory Board
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