EDP : Unwinding and unifying
>Two scope adjustments that underpin our positive rating - On 29 December, EDP announced two adjustments to its scope which we see as part of the potential strategy of reunifying the two listings (EDP and EDP Renovaveis). The two transactions relate to the disposal of assets acquired by EDP and EDP Renovaveis as part of its financial restructuring in 2014-2017 with its shareholder China Three Gorges (CTG) which came on board in 2011. The acquisition by EDP Renovaveis ...EDP Energias de Portugal is a utility company engaged as a generator, distributor and supplier of electricity in Portugal, and as an electricity generation company and a gas distributor in the Iberian Peninsula. In addition, Co. is a wind power operator with windfarms for energy generation in the Iberian Peninsula, the U.S., Canada, Brazil, France, Belgium, Italy, Poland and Romania and is engaged in developing wind projects in the U.K. Co. is also engaged in generating solar photovoltaic energy in Portugal, Romania and the U.S, and in Brazil it is engaged as an operator in electricity generation. As of Dec 31 2015, Co. had 9.7 million electricity customers and 1.4 million gas customers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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