EDP denies talks with France’s Engie on possible merger, acquisition

By TPN/Lusa, in Business · 12-04-2018 14:57:00 · 0 Comments

Energias de Portugal (EDP) on Monday issued a statement denying a media report that it was in talks with Engie on a possible merger, or its acquisition by the French giant.

“Regarding the article published by the BFM Business site – ‘Engie eyes Energias de Portugal’, EDP clarifies to the market that it has not established any contacts or negotiations with the objective of any consolidation transaction,” EDP said in a statement sent to Portugal’s securities markets commission, the CMVM.
French broadcaster BFM Business had cited sources close to Engie as saying that it was interested in acquiring EDP, and that the two companies had been in contact.

EDP shares were at 10.26am on Monday up 3.66% on Friday’s close of the Euronext Lisbon market, at €3.20.


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