Council of Ministers approves the reprivatisation of up to 5% of EDP through the issuance of exchangeable bonds
Friday 12, October 2007
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Yesterday, the Council of Ministers announced the approval of the Decree-Law that approves the reprivatisation of part of EDP – Energias de Portugal, S.A ("EDP") share capital.
This Decree-Law proceeds the implementation of the 2006-2007 reprivatisations programme, which defined as an objective, among others, the sale of a stake in the share capital of EDP.
This reprivatisation will be done through the issuance of exchangeable bonds into EDP shares, to be issued by Parpública – Participações do Estado, S.G.P.S., S.A., up to an amount that will not exceed 5% of EDP share capital.
The terms and conditions of the operation will be defined subsequently through a Resolution of the Council of Ministers.
EDP – Energias de Portugal, S.A.
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