EDP sets price of secondary distribution offer of EDP Brasil's ordinary shares at 37.0 reais per share
EDP – Energias de Portugal, S.A., which holds 64.8% of EDP – Energias do Brasil, S.A., has set at R$ 37.0 (thirty seven reais) per share, the final price for the secondary distribution offer of EDP Brasil's ordinary shares (comprising, notably a public offer in Brazil and a private placement addressed to institutional investors outside Brazil), which had been launched on June 27, 2011.
EDP – Energias de Portugal, S.A., which holds 64.8% of EDP – Energias do Brasil, S.A. ("EDP Brasil"), has set at R$ 37.0 (thirty seven reais) per share, the final price for the secondary distribution offer ("Offer") of EDP Brasil's ordinary shares (comprising, notably a public offer in Brazil and a private placement addressed to institutional investors outside Brazil), which had been launched on June 27, 2011.
The effective demand of the Offer has exceeded the global amount of 19,919,510 shares initially offered (excluding the greenshoe), corresponding to 12.54 % of EDP Brasil's share capital.
The listing of the shares sold in the Offer at the "Novo Mercado da Bovespa" is estimated to occur on July 11, 2011.
With this transaction, EDP decreases its shareholding in EDP Brasil from 64.8% to 52.3% (excluding the greenshoe), while receiving an amount of proceeds of approximately 737 million reais (corresponding approximately to EUR 329 million, at a currency rate BRL/EUR of 2.24).
EDP – Energias de Portugal, S.A.
Download
