Friday 28th April 2017
EDPR accepts €1.3bn share offer
EDP Renovaveis has accepted parent group EDP's offer to buy the 22.47% of the firm that it does not already own for €1.3bn.
The Madrid-headquartered subsidiary of Portuguese utility EDP said this week that the offer of €6.80 per share was appropriate, even though EDPR’s share price has now risen to over €6.90.
However, hedge fund Ecofin has said the share ...
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