💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

BRIEF-EDP Renovaveis to sell minority stakes in Poland and Italy

Published 2015-12-28, 12:06 p/m
© Reuters.  BRIEF-EDP Renovaveis to sell minority stakes in Poland and Italy
EDPR
-

Dec 28 (Reuters) - EDP Renovaveis SA EDPR.LS
* Via its unit EDP Renewables Europe, SL signs agreement
with ACE Poland S.A.R.L. and ACE Italy S.A.R.l. to sell 49
percent in portfolio of wind assets with 598 MW of capacity in
Poland and Italy, for a total consideration of 392 million euros
($430.4 million)
* Transaction covers 392 MW in operation in Poland and 100
MW in Italy, with average age of four years, as well as 107 MW
under construction in Poland and Italy
* ACE Poland and ACE Italy are both 100 percent owned by ACE
Investment Fund LP - an entity participated of China Three
Gorges Hong Kong Ltd, a fully-owned subsidiary of China Three
Gorges (CTG)
* Agreement is made in the context of the 2 billion euros
strategic partnership from Dec. 11 between EDP Energias De
Portugal and CTG

Source text:

Further company coverage: EDPR.LS

($1 = 0.9107 euros)

(Gdynia Newsroom)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.