Altri : SGPS, S.A. informs about the non-opposition decision to the acquisition of financial investment by the Competition Authority
September 03, 2018 at 05:47 am EDT
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ALTRI, SGPS, S.A.
Public Company
Head Office: Rua do General Norton de Matos, 68 - R/C, Oporto
Share Capital: Euro 25,641,459
Registered at the Commercial Registry Office of Oporto
Sole registration and tax number 507 172 086
MATERIAL INFORMATION
Following the announcement released on July 31, 2018, where Altri, SGPS, S.A. (Altri) announced that had reached an agreement with EDP - Energias de Portugal, S.A. (EDP) to buy 50% of the share capital and voting rights that EDP held in EDP Produção - Bioeléctrica, S.A. (EDP Bioeléctrica), hence assuming, as a consequence of that agreement, the control of 100% of the Company, Altri hereby informs, under the terms and for the purposes of article 248-A of the Portuguese Securities Code, that the Competition Authority did not oppose to the mentioned transaction.
It is further informed that the conclusion of the transaction, according to the terms of the agreement reached, will occur during the current year.
Oporto, September 3, 2018
Altri, SGPS, S.A.
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Altri SGPS SA published this content on 03 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 September 2018 09:46:05 UTC
Altri, SGPS, S.A. is a holding company primarily organized around 3 areas of activity:
- paper pulp production: 1,142.6 Kt produced in 2022. At the end of 2022, the group had 3 production sites located in Portugal;
- logging;
- electricity production from renewable energies.