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Energias de Portugal (EDP) is a vertically integrated electric power company and a leading generator, distributor and supplier of electricity in Portugal. It is one of the largest companies in Portugal by market capitalisation. IPIC’s 4.1% stake, acquired in 2008, represented its first investment in the power sector and provides IPIC with diversification in the energy sector through a leading European power company. It was made with a view to advancing cooperation with EDP in the renewable, electricity and gas sectors.