José de Mello Energia has completed the sale of shares of EDP
José de Mello Energia has completed the sale of 73,249,881 shares representing about 2.003% of the share capital of EDP – Energias de Portugal.
Placement of the shares was done through the process of accelerated bookbuilding, aimed exclusively at qualified investors. At a price of 3.40 euros per share, total revenue is estimated of about 249 million euros.
After the settlement of the offering, the José de Mello Group will no longer hold shares of EDP, thus continuing the process of strengthening their financial structure, consolidating the conditions to pursue its development plan.
BESI, Caixa-Banco de Investimento, Millennium Investment Banking and Morgan Stanley acted as Joint Bookrunners for the offering.