EDP ​​Energias do Brazil sells share of 45% in EDP Renováveis

São Paulo - According to the memorandum of understanding signed on 27 November 2015, the EDP Energias do Brazil sold 45% of its share in the total and voting capital of EDP Renováveis ​​Brazil for EDP Renováveis. The total price of the transaction is R $ 190 million, R $ 176 million on completion of the deal, expected in the second half of 2015 and to $ 14 million in earn-out payments. Completion is subject to the approval of the Administrative and Economic Defense Council (Cade), and other measures of corporate and contractual necessary to the effectiveness of the transfer of capital, expected to occur by the end of the year. According to the statement released in November 2014th, EDP Renováveis ​​Brazil is a company dedicated to the development of wind farms in Brazil, currently operating 84 MW of wind power and 236 MW of wind projects under construction with agreements (PPAs) Long-term granted Auctions in the years 2011 and 2013.