Trending: EDP Outlines 2026 Plan, Bids for Full Ownership of Brazil Subsidiary
02 Marzo 2023 - 10:01AM
Noticias Dow Jones
1531 GMT - EDP-Energias de Portugal SA is among the most
mentioned companies across news items over the past 12 hours,
according to Factiva data. The Portuguese energy company outlined
its business plan until 2026, a period during which it targets
higher recurring earnings, and launched a tender offer to take full
ownership of its separately-listed subsidiary EDP-Energias do
Brasil SA. EDP, which currently owns a 56.05% stake in the Brazil
subsidiary, said the tender offer aims to simplify its corporate
structure and will be funded through an equity raise of 1 billion
euros ($1.07 billion). The company also reported a rise in
fourth-quarter net profit despite lower revenue. Dow Jones &
Co. owns Factiva. (adria.calatayud@dowjones.com)
(END) Dow Jones Newswires
March 02, 2023 10:46 ET (15:46 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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