By Nathan Allen

German investment company Shareholder Value Management AG said Friday it is leading a push among minority shareholders in Portugal's EDP Renovaveis S/A (EDPR.LB) to appoint a new board member.

SVM and funds it advises have built up a roughly 2% stake in the company and have nominated Alejandro Fernandez de Araoz to be named as a director, the company said.

Mr. Fernandez de Araoz's nomination will be included in the agenda of EDPR's shareholders' meeting on June 27, the company said.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

June 15, 2018 06:49 ET (10:49 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
EDP Renovaveis (PK) (USOTC:EDRVY)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more EDP Renovaveis (PK) Charts.
EDP Renovaveis (PK) (USOTC:EDRVY)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more EDP Renovaveis (PK) Charts.