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EU clears EDP's acquisition of Spanish utility Viesgo

Nov 02, 2020 - SNL Energy Finance Daily
Mergers and Acquisitions

The European Commission cleared EDP - Energias de Portugal SA's acquisition of Spanish utility Viesgo Infraestructuras Energeticas SL.

The European Commission on Oct. 29 cleared EDP - Energias de Portugal SA's acquisition of Spanish utility Viesgo Infraestructuras Energeticas SL, saying it would not raise competition concerns given limited impact on the concerned markets.

EDP is buying Viesgo from Macquarie Group Ltd.-managed funds in a deal worth 2 billion, plus the assumption of m...