Asset rotation deal of transmission lines in Brazil
Lisbon, November 1st, 2023: EDP - Energias de Portugal, S.A. (“EDP”), through its subsidiary EDP - Energias do Brasil S.A. (“EDP Brasil” or “Company”), celebrated a sale agreement with Edify Empreendimentos e Participações S.A ("Edify"), fund managed by Actis to formalize the total disposal of 2 transmission lines (EDP Transmissão SP-MG and Mata Grande Transmissão de Energia), with a total length of 857 Kilometers and R$ 287.7 million in Annual Allowed Revenue (“Receita Anual Permitida” – “RAP”).
The total consideration for the transaction corresponds to an estimated enterprise value of R$ 2,700 million (€ 500 million, considering an exchange rate of 5.4 EUR/BRL), subject to restatement between the present date and the closing date.
The transaction is subject to customary precedent conditions.
This operation is part of the asset rotation strategy in the transmission business in Brazil, defined in the Business Plan 2023-2026.
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.
EDP – Energias de Portugal. S.A.