Conclusion of acquisition of gas assets in Spain
Following the obtention of the required authorizations by the Spanish regulatory and competition authorities, EDP – Energias de Portugal, S.A. completed today the acquisition from Gas Natural SDG, S.A. of its low pressure natural gas distribution and supply (including last resource) activities in the regions of Cantabria and Murcia, as well as the high pressure natural gas distribution assets in the regions of the Basque Country, Asturias and Cantabria, as it had been preliminarlly announced to the market on July 20, 2009.
Following the obtention of the required authorizations by the Spanish regulatory and competition authorities, EDP – Energias de Portugal, S.A. ("EDP") completed today the acquisition from Gas Natural SDG, S.A. ("Gas Natural") of its low pressure natural gas distribution and supply (including last resource) activities in the regions of Cantabria and Murcia, as well as the high pressure natural gas distribution assets in the regions of the Basque Country, Asturias and Cantabria, as it had been preliminarlly announced to the market on July 20, 2009.
The acquisition price was calculated on the basis of a enterprise value of €330 million, and as from this date the new subsidiaries and assets will be fully consolidated by EDP Group.
EDP – Energias de Portugal, S.A.
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