Renewable energy bid propels EDP block

By Sam Kerr
15 Jan 2021

A €534m block in Energias de Portugal, the Portuguese utility company, flew off the shelves on Thursday night driven by investor demand for stocks exposed to renewable energy.

BNP Paribas and Credit Suisse were the bookrunners on the deal.

The transaction was launched after what a source close to the trade called a “limited competitive process” and the deal was underwritten by the banks.

The seller in the transaction was China Three Gorges, ...

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