EDP Renovaveis Plans Capital Increase of Around EUR1.5 Billion -- Update
March 02 2021 - 12:16PM
Dow Jones News
By Mauro Orru
EDP Renovaveis SA said Tuesday that it would pursue a capital
increase of around 1.5 billion euros ($1.81 billion) to partially
fund its capital expenditure plans.
The Portuguese renewable-energy company said it has launched an
accelerated bookbuild targeting gross proceeds of around EUR1.5
billion. The move comes as the company plans to spend around EUR19
billion in deploying about 20 gigawatts of renewables additions
until 2025.
A proposal for a capital increase equal to the gross proceeds of
the bookbuild will follow upon completion, the company added.
EDP Renovaveis will put forward a resolution at the General
Shareholders Meeting to be held on or around April 12.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
March 02, 2021 13:01 ET (18:01 GMT)
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