EDP sells six dams in Portugal to a consortium

in News · 19-12-2019 15:10:00 · 2 Comments

EDP sold six dams in Portugal to a consortium of investors, formed by Engie, Crédit Agricole Assurances and Mirova, for 2.2 billion Euros, was announced on 19 December.

“EDP - Energias de Portugal, SA has agreed to sell a portfolio of six hydroelectric plants in Portugal to the investor consortium formed by Engie (40 percent stake), Crédit Agricole Assurances (35 percent) and Mirova - Natixis Group (25 percent), in a transaction of 2.2 billion Euros,” reads the statement sent to the Securities Market Commission (CMVM).


Comments:

In many countries, selling basic resources or infrastructure vital to the country's survival, its sovereignty or the sustainability of its population is a no, no! Not so in Portugal, where the current government is selling everything worth a penny! EDP, the major "Portuguese" utility company already largely controlled by Chinese capital, is an example! In Portugal, a country with one of the largest public debts in the world, nothing is a surprise! The domesticated Portuguese tolerate everything, including the sale of their major resources/infrastructures and, eventually, the loss of the country!

By Tony Fernandes from Other on 21-12-2019 01:33

In many countries, selling basic resources or infrastructure vital to the country's survival, its sovereignty or the sustainability of its population is a no, no! Not so in Portugal, where the current government is selling everything worth a penny! EDP, the major "Portuguese" utility company already largely controlled by Chinese capital, is an example! In Portugal, a country with one of the largest public debts in the world, nothing is a surprise! The domesticated Portuguese tolerate everything, including the sale of their major resources/infrastructures and, eventually, the loss of the country!

By Tony Fernandes from Other on 21-12-2019 01:31
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