By Olivia Bugault

 

Portuguese utility EDP-Energias de Portugal SA said late Tuesday that it has completed the sale of its portfolio of thermal assets and supply clients to Total SE for an enterprise value of 480 million euros ($579.4 million).

"The portfolio sold comprises the two [gas-fired combined cycle] power plants with 843 megawatts of installed capacity and the business-to-consumer supply business in Spain, which includes 1.2 million clients in the free market," the company said.

The sale was first announced in May.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

December 02, 2020 01:22 ET (06:22 GMT)

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