EDP Renovaveis, the renewable energy unit of Portuguese utility Energias de Portugal SGPS SA (EDP.LB), has been valued at EUR9 billion by unnamed banks, daily Diario Economico reports Thursday without citing sources.
EDP recently announced it would float up to 25% of EDP Renovaveis in the second quarter of this year to finance its growth strategy. Details about the operation are expected to be disclosed next week.