EDP has signed a definitive agreement for the sale of 100% of gas distribution in Spain
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 of the Portuguese Securities code, EDP - Energias de Portugal, S.A. ("EDP") is providing the following information to the market:
EDP and the consortium of investors comprising institutional investors advised by J.P. Morgan Asset Management, the Abu Dhabi Investment Council, Swiss Life Asset Managers and Covalis Capital, have signed today definitive agreements, as per the Binding Offer accepted by EDP, to acquire 100% of the share capital of Naturgas Energía Distribución, S.A., EDP's gas distribution subsidiary in Spain. White Summit Capital and Covalis Capital coordinated the consortium and are providing ongoing services.
The completion of the proposed transaction will be subject to the customary regulatory approvals and is expected to occur by end of 2Q17 or early 3Q17.
EDP – Energias de Portugal, S.A.
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