EDP has taken two simultaneous decisions to perform a massive reshuffling of its portfolio. On one hand, it has accepted a binding offer for its gas distribution assets in Spain (Naturgas Energia Distribucion) for €2.59bn. The offer has been proposed by a consortium of investors comprising mainly JP Morgan Asset Management, Abu Dhabi Investment Council, and Swiss Life Asset Managers. The final agreement is expected to be signed in April 2017 with the transaction being closed in either Q2
29 Mar 2017
Positive restructuring of its portfolio and holding structure
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Positive restructuring of its portfolio and holding structure
EDP-Energias de Portugal SA (EDP:FRA) | 0 0 1.5% | Mkt Cap: 10,242m
- Published:
29 Mar 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
EDP has taken two simultaneous decisions to perform a massive reshuffling of its portfolio. On one hand, it has accepted a binding offer for its gas distribution assets in Spain (Naturgas Energia Distribucion) for €2.59bn. The offer has been proposed by a consortium of investors comprising mainly JP Morgan Asset Management, Abu Dhabi Investment Council, and Swiss Life Asset Managers. The final agreement is expected to be signed in April 2017 with the transaction being closed in either Q2