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
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Attractive asset rotation portfolio and receivables transactions for cash generation purposes
EDP-Energias de Portugal SA (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