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Hedge fund Ecofin says EDP bid for renewable energy unit ‘egregiously low’

Page created: Friday, 21 April 2017 8:57 GMT

Thematic
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Ecofin  EDP   EDP Renováveis

London hedge fund firm Ecofin said an offer from Portugal’s largest company EDP (EDP.LS) to buy 22.47 percent of subsidiary EDP Renovaveis (EDPR.LS) “significantly undervalues” the company, in a letter to EDPR’s board seen by Reuters