Morais Leitão counsels EDP on €1.02bn public offer

Morais Leitão has counselled EDP on a public offering in connection with the acquisition of Viesgo for €1.02 billion


EDP made a capital increase by issuing approximately 310 million new shares in the scope of the acquisition of Viesgo (owner of electricity distribution networks in Northern Spain, renewable assets in Spain and Portugal and thermal power plants in the process of being dismantled).

The capital increase was structured as a public offering in the amount of about €1,020 million with subscription fully guaranteed by a syndicate of international banks, representing a total of approximately 8,45% of EDP’s share capital. In turn, the global transaction is one of the largest ever undertaken by EDP and is based on an Enterprise Value for Viesgo of around €2.7 billion.

Clifford Chance LLP provided legal advice to EDP, while Morais Leitão counselled this public offering through a Corporate, M&A and Capital Markets team led by partner Ricardo Andrade Amaro (pictured), which also included partners Nuno Galvão Teles and Carlos Osório de Castro, senior lawyer Diana Ribeiro Duarte and associates Pedro Capitão Barbosa, Helder M. Mourato and Inês Agapito.


Morais Leitão counsels EDP on €1.02bn public offer

Antonio Jimenez Morato

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website

Iberian Legal Group, S.L.
Registered office: C/ Ríos Rosas 44A - 2 G,H 28003 Madrid España

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram