edp announcement

EDP increases stake in EDP Renováveis

Viernes, 04 Agosto 2017

EDP increases stake in EDP Renováveis

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. ("EDP") is providing the following information to the market:

In the context of the General and Voluntary Public Tender Offer for the acquisition of shares representative of the share capital of EDP Renováveis ("PTO") concluded on August 3rd, 2017, a total of 7,845 acceptance orders were registered into Euronext's ordering system, representing a total of 43,907,516 shares.

Based on an Offer price of €6.75 per share, EDP's total investment in the PTO amounts to €296 million. As a result of the Offer, EDP will hold 720,191,372 shares in EDP Renováveis, SA, which correspond to 82.6% of its share capital and voting rights.

The Offer falls within the Portfolio Reshuffling announced on March 28th, 2017 and is an additional step towards strengthening the cooperation and integration of operations in the activity of electricity generation through renewable energy sources as well as in the simplification of EDP's Equity Story.

It is expected that the physical and financial settlement will take place on August 8th, 2017.



EDP – Energias de Portugal, S.A.