EDP Energias do Brasil concludes investment in CELG-T
EDP Energias do Brasil concludes investment in CELG-T
Lisbon, February 7th, 2022:Pursuant to the terms and for the purposes of article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council,
EDP - Energias de Portugal, S.A. (“EDP”) is providing the following information to the market:
EDP – Energias do Brasil, S.A. (“EDP Energias do Brasil”), 55.97%[1] held by EDP, following the market release on October 14th, 2021, concluded the investment in 99.99% of Celg Transmissão S.A. ("Celg-T”) equity shares, for an amount of R$2,115m (€347m, at a EUR/BRL 6.10 rate).
The transaction is aligned with EDP’s growth strategy for the regulated electricity networks in Brazil, that was defined in the 2021-2025 business plan.
EDP – Energias de Portugal. S.A.
[1] EDP owns directly 55.54% of EDP Energias do Brasil, however consolidates 55.97% as it holds treasury stock.