An unknown group of Brazilian investors signed a Sale and Purchase Agreement to acquire 80% stake in Porto do Pecém Geração de Energia S.A. from EDP Energias do Brasil S.A. for a transaction valued at BRL 1.9 billion on September 20, 2023. Under certain condition, EDP - Energias do Brasil S.A. has a put option for the sale of the remaining 20% equity stake up to the end of the PPA contract, reflecting an implicit Enterprise Value of BRL1.9bn for 100% of the plant. Post completion of the acquisition, EDP will keep 100% management of the 1.25 MW renewable hydrogen project that was commissioned in December 2022 in the Pecém complex. EDP will continue to assess the potential to develop larger scale renewable hydrogen projects in the region. The transaction is subject to customary precedent conditions. Mercurio Partners has assisted group of Brazilian investors in the transaction. Morgan Stanley is acting as financial advisor to EDP Brasil.

An unknown group of Brazilian investors completed the acquisition of 80% stake in Porto do Pecém Geração de Energia S.A. from EDP Energias do Brasil S.A. on December 22, 2023.