October 26, 2018 / 5:39 AM / 21 days ago

BRIEF-EDP's Unit In Brasil Sells Mini-Hydro Plants

Oct 26 (Reuters) - EDP Energias de Portugal SA:

* SAID ON THURSDAY EDP BRASIL, 51 PCT HELD BY EDP , REACHED AGREEMENT TO SELL EIGHT MINI-HYDRO PLANTS TO STATKRAFT ENERGIAS RENOVAVEIS

* VALUE OF THE TRANSACTION IS R$704 MILLION, INCLUDING DEBT OF AROUND R$113 MILLION

* EXPECTED PROCEEDS FROM THE TRANSACTION AMOUNT TO R$591 MILLION

* PLANTS ARE LOCATED IN ESPIRITO SANTO STATE, BRASIL AND HAVE INSTALLED CAPACITY OF 131.9 MW

Source text: bit.ly/2D5Okb5

Further company coverage: (Gdynia Newsroom)

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