Bloomberg News

Portugal Says EDP Stake Sale May Not Involve Public Offering

September 29, 2011

Sept. 29 (Bloomberg) -- The Portuguese government said the planned sale of its stake in utility EDP-Energias de Portugal SA may not involve a public offering as it has “indications” that the holding can be sold through a direct sale.

Luis Marques Guedes, the secretary of state for the presidency of the council of ministers, spoke today at a press conference following the government’s weekly cabinet meeting.

To contact the reporter on this story: Anabela Reis in Lisbon at areis1@bloomberg.net

To contact the editor responsible for this story: Joao Lima at jlima1@bloomberg.net


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