EDP Completes Sale of EUR480 Million Portfolio to Total
December 02 2020 - 1:37AM
Dow Jones News
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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