Aug 13 (Reuters) - EDP Renovaveis SA EDPR.LS:
SIGNS ASSET ROTATION DEAL FOR 207 MWAC SOLAR PORTFOLIO IN ITALY
DEAL WITH ENCAVIS AND ESTIMATED ENTERPRISE VALUE ABOVE 0.25 BILLION EUROS
TRANSACTION SCOPE COMPRISES FIVE OPERATING SOLAR PLANTS LOCATED IN ITALY AND WITH AVERAGE ASSET LIFE OF LESS THAN ONE YEAR
ESTIMATED ENTERPRISE VALUE ALSO CONSIDERS SIGNIFICANT CAPACITY EXTENSION POSSIBILITIES AND SYNERGIES DUE TO HYBRIDISATION
Source text: https://tinyurl.com/yvb67d6r
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