China Power, Eletrobras and Iberdrola interested in privatisation of EDP – Energias de Portugal

7 July 2011

Lisbon, Portugal, 7 July – China Power, Brazil’s Eletrobras and Spain’s Iberdrola are some of the potential candidates for the acquisition of the stake that the Portuguese state is selling in power company EDP – Energias de Portugal, Portuguese financial daily Jornal de Negócios reported in Lisbon.

The paper said that InterOceânico, a company with Angolan, Israeli and Portuguese shareholders that already ahs a 1.95 percent share of the Millennium bcp bank could acquire the shares owned by the State in EDP and which are expected to be sold in September.

“Energy is one of the sectors mentioned by InterOceânico and it is therefore only natural that the EDP privatisation portfolio will be studied when the details of the operation are known, which is not yet the case,” a spokesperson for the company told Jornal de Negócios.

The Portuguese state, which is the largest shareholder of the EDP group, owns a direct stake of 25.05 percent of the power company via state shareholding company Parpública – Participações Públicas, SGPS and an indirect stake of 0.64 percent via state financial group Caixa Geral de Depósitos (CGD). (macauhub)