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Report: Aquila Capital, 4 others in final bid round for EDP's hydro assets

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Report: Aquila Capital, 4 others in final bid round for EDP's hydro assets

German asset manager Aquila Capital Investmentgesellschaft Mbh and Spanish utility Iberdrola SA are among the five bidders shortlisted for the final bid round for EDP - Energias de Portugal SA's potential sale of a 2-GW hydroelectric portfolio in Portugal, Reuters reported Oct. 24.

The other three bidders include Norway's Statkraft AS, French utility Engie SA and Austria's VERBUND AG, according to the report. The deadline for the final bid is mid-November.

EDP is seeking to sell the assets for €2 billion as part of a wider €6 billion asset rotation program. The assets would include a mix of run-of-river and dam storage facilities.

Earlier reports identified Enel SpA unit Endesa SA and two investment funds Macquarie Infrastructure Corp. and Brookfield Asset Management Inc. as the potential buyers of the assets. The potential sale is being led by Morgan Stanley and UBS, the news outlet reported.