EDP has reached an agreement with Vortex to sell a 49% equity shareholding stake in a portfolio of 664MW of renewable fully-owned wind onshore assets. Vortex is a fund led by EFG-Hermes, which includes investments from the Gulf Cooperation Countries (GCC); in other words, it is the renewable platform managed by the Egyptian bank’s equity arm. The transaction includes wind capacity within four European countries (Spain, Portugal, Belgium and France) with a 4-year average lifetime. In add

21 Apr 2016
Attractive asset rotation portfolio and receivables transactions for cash generation purposes

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Attractive asset rotation portfolio and receivables transactions for cash generation purposes
EDP S.A. (EDP:FRA) | 0 0 1.5% | Mkt Cap: 10,242m
- Published:
21 Apr 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
2 -
EDP has reached an agreement with Vortex to sell a 49% equity shareholding stake in a portfolio of 664MW of renewable fully-owned wind onshore assets. Vortex is a fund led by EFG-Hermes, which includes investments from the Gulf Cooperation Countries (GCC); in other words, it is the renewable platform managed by the Egyptian bank’s equity arm. The transaction includes wind capacity within four European countries (Spain, Portugal, Belgium and France) with a 4-year average lifetime. In add