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Actis Acquires Power Assets From EDP for ~USD237m

19 October 2021

Actis acquired EDP Brasil, a Brazil-based power company for ~USD237m.

(Reuters) Brazilian power company EDP Energias do Brasil (ENBR3.SA) has reached a deal to sell three power transmission assets at an enterprise value of 1.32 billion reais ($237.88 million) to private equity firm Actis, it said on Tuesday.

EDP Brasil Chief Executive Joao Marques da Cruz told Reuters in an interview that the company, controlled by Portugal’s EDP (EDP.LS), also expects to close the sale of hydroelectric power plants by the end of this year, adding that three parties had showed interest in the assets.