The José de Mello Group out of EDP’s capital, making a total cash inflow of 552 million euros in less than a year with the sale of shares in power. The shares were sold at a discount of almost 4% over the market price.
The José de Mello Energy materialized Thursday a special offer for sale of 2% of EDP’s capital from institutional investors. 73,249,881 of power were sold, to 3.40 euros each, which represents a discount of less than 4% over the closing price on Thursday of securities (3,532 euros).
this operation, announced and implemented on the same day, José de Mello gets a cash inflow of 249 million euros, which amounts to 303.3 million euros which raised in April 2014, when it sold 2.57% of the capital led power by António Mexia.
So, in less than a year, the company led by Vasco de Mello (pictured) made a cash inflow of 552 million euros from the sale of shares in EDP, and from the now no longer has any action by the largest Portuguese listed.
In a statement sent to CMVM, the José de Mello Group points out that with this sale “continue the process of strengthening its financial structure by consolidating conditions to continue its development plan. “
BESI, Caixa Banco de Investimento, Millennium Investment Banking and Morgan Stanley act as banks responsible for the offer.
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