EDP plans to sell plant in Brazil

EDP plans to sell plant in Brazil

M&A Equity Corporate & Sovereign Strategy Energy Electricity Brazil

EDP Brasil, the Brazilian subsidiary of the Portuguese electric utilities company Energia de Portugal (EDP), plans to sell the Mascarenhas hydroelectric power plant to raise money for investments in transmission and distributions assets, CEO Miguel Setas told analysts on Wednesday. "There is an asset that is for sale, which is the Mascarenhas plant... which shows our intention to keep this asset recycling strategy active," Setas said during a conference call to discuss the company's fourth quart

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