Asset rotation deal of transmission line in Brazil

Lisbon, December 23rd, 2024: EDP, S.A. (“EDP”), through its fully owned subsidiary EDP - Energias do Brasil S.A. (“EDP Brasil”), celebrated a sale agreement with SKYLINE Fundo de Investimento em Participações, fund managed by Actis, to formalize the total disposal of its stake (90%) in the transmission line EDP Transmissão Aliança SC (Lote 21), in the State of Santa Catarina, with a total length of 435 Kilometers and R$ 256.7 million in Annual Allowed Revenue (“Receita Anual Permitida” – “RAP”).

The total consideration for the transaction corresponds to an estimated Enterprise Value of R$ 2.37 billion (€396 million, considering an exchange rate of 6.0 EUR/BRL), subject to precedent, regulatory conditions and other usual conditions for an operation of this nature, until the transaction’s closing date. 

This operation is part of the asset rotation strategy in the transmission business in Brazil, defined in the Business Plan 2023-2026.

This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council.

EDP, S.A.