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Showing posts with label EDP. Show all posts
Showing posts with label EDP. Show all posts

Saturday, May 14, 2011

EDP May Sell as Much as 14% of Brazil Unit in Public Offering

May 14 (Bloomberg) -- EDP-Energias de Portugal SA, the biggest power company in Portugal, said it may sell a stake of as much as 14 percent of its Brazilian unit in a public offering as Latin America’s biggest economy expands.

The Portuguese utility currently holds 64.8 percent of the EDP-Energias do Brasil SA unit, Lisbon-based EDP said in a filing posted on the website of Portugal’s securities regulator.