EDP Stake Sale Decision Seen In Days

EDP Stake Sale Decision Seen In Days

Brazil Europe M&A

Portugal is expected to announce in a matter of days the winning bidder of a 21.35% stake in Energias de Portugal (EDP), and will choose from a group of potential buyers including Brazil’s Eletrobras and Cemig. A final decision is expected to be released on December 22, a spokeswoman for the Portuguese government-controlled energy company says. “At this point the process remains in the study phase,” she adds. Aside from the Brazilian utilities, Germany’s E.ON, and China’s Three Gorges have also

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