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EDP to Sell Brazil Wind Farm to Actis for $171.9 Million

   By Nathan Allen 
 

EDP-Energias de Portugal SA (EDP.LB) said Monday that it has agreed to sell an onshore wind farm in Brazil to private-equity firm Actis Capital for around 650 million Brazilian reais ($171.9 million).

Including debt, the implied enterprise value for the Babilonia wind farm is around BRL1.2 billion, EDP said.

Following this transaction, EDP said it has completed roughly 25% of its planned 4 billion euro ($4.45 billion) divestment program.

The deal is set to close in the fourth quarter, EDP said.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

July 29, 2019 02:52 ET (06:52 GMT)

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