EDP has successfully acquired 100% of EDP Brasil, enhancing its control and strategic positioning in the Brazilian energy market.

Information on the Target

EDP Brasil, a subsidiary of EDP Energias de Portugal, has been a significant player in the Brazilian energy sector. The recent completion of the acquisition of its remaining shares marks a pivotal moment in the company’s strategic objectives, consolidating EDP’s presence in the growing energy market of Brazil. This acquisition enables EDP to exert full control over EDP Brasil’s operations, facilitating streamlined decision-making and enhanced operational efficiency.

The acquisition involved the purchase of 21,494,341 outstanding shares, constituting 3.70% of EDP Brasil's total share capital. The purchase price aligns with the previously established auction rate, adjusted for the SELIC rate accrued since the last public offering settlement date, ensuring that the transaction reflects fair valuation in light of prevailing economic conditions.

Industry Overview in Brazil

The Brazilian energy sector has seen robust growth, driven by increasing demand for electricity and a shift towards renewable energy sources. Brazil benefits from a diverse energy mix, with hydropower accounting for a si