Activist SVM takes stake in Portugal's EDP, seeks board representation
15/06/2018 12:21
LONDON, June 15 (Reuters) - Activist firm Shareholder Value
Management (SVM) on Friday said it had recently purchased a 2
percent stake in utility EDP-Energias de Portugal EDP.LS , and
proposed a candidate for the board.
SVM said it had purchased 17.6 million shares and requested
the election of corporate and M&A lawyer Alejandro Fernandez de
Araoz to the board of directors.
(Reporting by Maiya Keidan; editing by Carolyn Cohn)
((Maiya.Keidan@thomsonreuters.com; 44 207 542 1594; Reuters
Messaging: maiya.keidan.thomsonreuters.com@reuters.net))