Lisbon, Nov. 11, 2025 (Lusa) - Canada's pension fund, one of the largest in the world, intends to sell its 5.4% stake in EDP, the Portuguese power utility said on Monday in a statement sent to the Portuguese Securities Market Commission (CMVM).

According to the same note, EDP said that the fund had communicated “its intention to sell up to 224,476,093 shares representing up to 5.4% of the share capital of EDP, S.A.”.

The news was reported by Bloomberg, which estimated that the deal could generate proceeds of around €893 million ($1.03 billion) based on the shares' closing price on Monday.

In the statement, the pension fund clarifies "that it is launching a private placement of the shares" aimed "exclusively at qualified institutional investors", emphasising that EDP "will not receive any proceeds from the transaction".

China Three Gorges is EDP's main shareholder, with 21.4% of the capital, followed by Oppidum Capital S.L., with 6.82%, and Blackrock Inc., with 6.08%, according to the company's website.

EDP's shares closed today's session on a high, rising 1.90% to €3.97, but last week they were hurt by the announcement that the company recorded a profit of €952 million in the first nine months of the year, down 12% on the same period last year.

EDP announced a new strategic plan to invest €12 billion between 2026 and 2028, with a view to expanding its wind and solar energy.

The investment now announced is lower than the previous strategic plan (€25 billion for the period 2023-2026), but EDP emphasised that the new cycle favours projects with higher returns and greater financial discipline.

ALN/ADB // ADB.

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