The EDP announced that it has received information about the Canada Pension Plan Investment Board (CPPIB), as detailed in their previous communication dated November 10, 2025.
In the communication, the Canada Pension Plan Investment Board states it has successfully completed the sale of 218,488,895 shares, representing approximately 5.2% of EDP’s share capital, through an accelerated private placement, exclusively targeting qualified institutional investors.
The total gross revenue from the placement amounted to approximately 814,745,089 euros, corresponding to a price of 3.729 euros per share.
The settlement of the placement will occur on Thursday.
On Monday, EDP disclosed that it had been informed by the Canada Pension Plan, one of the world’s largest pension funds, of its intention to sell its 5.4% stake in the company.
In the note sent to CMVM, EDP specified that the fund had communicated its intention to sell up to 224,476,093 shares, representing up to 5.4% of EDP’s share capital.
The news was previously reported by financial media, estimating the deal could generate revenues of approximately 893 million euros (1.03 billion dollars) based on Monday’s closing stock price.
In the statement issued on Monday, the pension fund clarified that it was “launching a private placement of shares” targeting “exclusively qualified institutional investors,” emphasizing that EDP “will not receive any proceeds from the transaction.”
China Three Gorges is the main shareholder of EDP, holding 21.4% of the capital, followed by Oppidum Capital S.L. with 6.82%, and Blackrock Inc with 6.08%, according to the company’s website.
