edp announcement

EDPR SELLS FINANCIAL STAKE IN SPANISH WIND FARM

Jueves, 07 Abril 2011
Market Notifications
Investors

EDP Renováveis, SA ("EDPR") closed an agreement with Enel Green Power Spain, SA ("EGP") to sell its stake in Sociedad Eólica de Andalucía, SA ("SEASA") - a company with 74 operating MW in Spain.

EDPR sells its 16.67% equity shareholding by €10.7 million (or €24.5 million of enterprise value, including the equivalent net debt as of Dec-10).

With this transaction, EDPR crystallises the value of a non controlling minority stake and recognises an after-tax capital gain of €6.6 million.