Elliott Continues Push for EDP to Sell Brazil Stake

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EDP announced last week that it plans to dispose of 2 billion euros ($2.3 billion) in non-core assets through 2022, mainly in Spain and Portugal. Elliott, which owns 2.9 percent of EDP, believes that strategy ignores the opportunity that would be created by selling its 51 percent EDP-Energias do Brasil SA stake, said the people, who asked not to be identified because the deliberations are private.

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