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Altri announced on Tuesday that it was agreeing with EDP to purchase, directly and via its subsidiary Caima Indústria of Celulose, the 50% that it did not yet hold. EDP Produção – Bioeléctrica, for 55 million euros. [19659002] In a declaration addressed to the Securities and Exchange Commission (CMVM), Altri declares that it has "concluded an agreement with EDP – Energias de Portugal (EDP) to acquire, directly and through the intermediary of its subsidiary Caima Indústria de Celulose, 50% of the share capital, loans and voting rights which it directly and indirectly owns in the share capital of EDP Produção – Bioeléctrica (EDP Bioeléctrica), thereby assuming, as a result of this agreement, the 100% control of this company "
The value of the transaction amounts to 55 million euros and the implementation of the agreement" is the object of 39. a prior notification to the Competition Authority, in accordance with its legal regime and, EDP Bioeléctrica "is now considered a benchmark player in the company, and should be concluded in the second half this year, according to society [19659003]. market for the production of electricity produced from forest biomass and, directly or through its wholly-owned subsidiaries, operates four plants in Portugal and the construction of a new plant is under way, of which start-up is estimated for the first half of 2019.
The total installed capacity of all EDP Bioeléctrica plants, considering the new plant, is about 100 megawatts (MW).
"This agreement will allow Altri to continue its strategy of improving the integration between the biomass-producing forest sector and the production of energy from this renewable resource, increasing its ability to contribute actively to improve the management and cleanliness of forests and, therefore, its sustainability, which is a current and absolutely pressing concern in our country, which for many years is one of its Priorities, "concluded the company's release.Altri's shares closed down 1.46% to 8.76 euros.
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