opa brasil

EDP completes tender offer auction over EDP Brasil with shareholders’ approval

Wednesday 12, July 2023

With this result, EDP takes an important step towards achieving its strategy, enabling the simplification of its corporate structure, and providing greater flexibility in managing its integrated presence.

EDP will increase its stake at EDP - Energias do Brasil S.A. by c.32% to c.88% following the auction of the tender offer for the acquisition of shares of the company held yesterday, 11th July. Having reached the mandatory acceptance quorum, measures will now be taken for EDP Brasil's delisting from the Brazilian stock exchange B3 – the common shares issued by EDP Brasil will now be traded in B3’s basic segment until the effective delisting.

"With this result, we take an important step towards implementing our strategy announced this year at Capital Markets Day, allowing the simplification of our corporate structure, creating and capturing more value, in the light of a more integrated presence of the group in the Brazilian market", states Miguel Stilwell d'Andrade, CEO of EDP Group.

This tender offer and the delisting from B3 are part of the group’s strategy to accelerate and reinforce EDP’s position in Brazil, a key market in which it will be investing 3,5Bn euros up to 2026, reinforcing its networks assets, expanding the renewables portfolio, and providing its clients with competitive and innovative solutions. 

EDP’s Business Plan for 2023-2026 targets a gross investment of 25Bn euros globally, of which 85% in renewable energies and 15% in electricity networks, reinforcing EDP's leading position in the energy transition.

Operating in 4 strategic hubs (Latam, Europe, North America and APAC), the group plans to deploy 4.5 GW in renewables per year, reiterating its commitment to be coal free by 2025, 100% renewables generation by 2030 with a Net Zero emissions target by 2040 (SBTi approved).