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New Deal


Announced

Total to acquire thermal power plant from EDP and a 50% stake in CHC Energia for $515.

Financials

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Transaction Value£410m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Conventional Electricity

Single Bidder

Friendly

Spain

thermal power plant

Acquisition

Majority

Private

Electric utility

Pending

Cross Border

Synopsis

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Total, a French multinational integrated oil and gas company, to acquire thermal power plant and a 50% stake in CHC Energia, an electric utility company, from Energias de Portugal, a Portuguese electric utility company, for $515m. "This transaction is fully aligned with our commitment to lead the energy transition, providing EDP with additional flexibility as we build a more sustainable future - a future that will be electric," António Mexia EDP CEO.

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