Altri has reached an agreement with EDP – Energias de Portugal, S.A. (EDP), to buy, directly and through its subsidiary Caima Indústria de Celulose, S.A., 50% of the share capital, credits and voting rights that EDP holds, directly and indirectly, in the share capital of EDP Produção – Bioeléctrica, S.A. (EDP Bioeléctrica), hence assuming, as a consequence of this agreement, the control of 100% of this Company. The transaction amounts to an estimated global value of Euro 55 million, as the company says in the press release received by Lesprom Network.
The transaction is subject to prior notification to the Competition Authority, under the terms established in the competition legal regime and, therefore, contingent to the decision of non-opposition by the Competition Authority, being its conclusion estimated to occur during the second half of 2018.
EDP Bioeléctrica is a reference player in the market of electric power production through forest biomass and, directly or through its wholly owned subsidiaries, operates at four plants in Portugal, being under construction a new plant which conclusion is estimated for the first half of 2019. The global installed capacity of all the plants, including the new plant, is 100 MW.
Altri is a European reference eucalyptus pulp producer.
