edp announcement

Conclusion of the disposal of 100% of EDP Gás Distribution in Portugal

Wednesday, 04 October 2017

Pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council and of article 248-A of the Portuguese Securities code, EDP - Energias de Portugal, S.A. (“EDP”) is providing the following information to the market:

Following the information communicated to the market on April 7th 2017, EDP has completed today, under the same terms and conditions previously disclosed, through its subsidiary EDP Iberia, S.L.U., the sale to REN Gás, S.A. of 100% of EDP Gás S.G.P.S., S.A. (“EDP Gás”), which fully owns EDP Gás Distribuição, S.A. and EDP Gás GPL – Comércio de Gás de Petróleo Liquefeito, S.A..

This transaction follows EDP’s business plan announced in May 2016, which considered disposals of assets, and will result in a €536 million reduction in EDP’s net debt this year.

This transaction supports the deleveraging targets set forth by EDP and increases the level of integration of EDP’s business model.

EDP – Energias de Portugal, S.A.