1531 GMT - EDP-Energias de Portugal SA is among the most mentioned companies across news items over the past 12 hours, according to Factiva data. The Portuguese energy company outlined its business plan until 2026, a period during which it targets higher recurring earnings, and launched a tender offer to take full ownership of its separately-listed subsidiary EDP-Energias do Brasil SA. EDP, which currently owns a 56.05% stake in the Brazil subsidiary, said the tender offer aims to simplify its corporate structure and will be funded through an equity raise of 1 billion euros ($1.07 billion). The company also reported a rise in fourth-quarter net profit despite lower revenue. Dow Jones & Co. owns Factiva. (adria.calatayud@dowjones.com)

(END) Dow Jones Newswires

March 02, 2023 10:46 ET (15:46 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Energias De Portugal (PK) (USOTC:EDPFY)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more Energias De Portugal (PK) Charts.
Energias De Portugal (PK) (USOTC:EDPFY)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more Energias De Portugal (PK) Charts.