JOURNAL ARTICLE

Canada Pension Plan Raises €815 Million in EDP Share Sale.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Cerqueiro, Pablo Mayo; Mathis, William 3 of 3

Abstract

The article focuses on the Canada Pension Plan Investment Board (CPPIB) raising approximately €814.7 million ($942.6 million) from the sale of its stake in the Portuguese energy company EDP SA. The sale, priced at €3.729 per share, was arranged by Goldman Sachs Group Inc. and represented a 6% discount to the previous closing price. Following the sale, EDP's shares experienced a decline, although they remained above the offering price and have increased by 24% over the year. EDP's largest shareholders include China Three Gorges Corporation, Oppidum Capital S.L., and Blackrock Inc. The company is also pursuing a strategic plan to invest €12 billion in expanding its renewable energy projects and power networks in Iberia from 2026 to 2028. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/11, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2025
  • Accession Number:189239231
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