Asset rotation deal of transmission lines in Brazil
Asset rotation deal of transmission lines in Brazil
Lisbon, October 19th, 2021:EDP – Energias do Brasil, S.A. (“EDP Energias do Brasil” or “Company”), 52.64% held by EDP – Energias de Portugal, S.A. celebrated a sale agreement with Actis Assessoria Investimentos Ltda. to formalize the total disposal of a transmission portfolio composed by three transmission lines, with a total length of 439 Kilometers and R$ 131 million in Annual Allowed Revenue (“Receita Anual Permitida” – “RAP”), as follows: (i) EDP Transmissão S.A. (Lot 24), (ii) EDP Maranhão I S.A. (Lot 7), and (iii) EDP Maranhão II S.A. (Lot 11).
The total consideration for the transaction corresponds to an estimated enterprise value of R$ 1,329 million (€ 210 million, considering an exchange rate of 6.33 EUR/BRL), subject to restatement between the present date and the closing date.
This transaction is pending applicable regulatory approvals.
This transaction is part of the asset rotation strategy in the transmission business in Brazil, defined in the business plan 2021-2025, which also includes the recent agreement for the acquisition of CELG-T.
This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council and of article 248-A of the Portuguese Securities code.
EDP – Energias de Portugal. S.A.