EDP announced a new strategic plan to spend €12 billion ($19.44 billion) between 2026 and 2028 to expand its wind and solar energy projects as well as power networks in Iberia. Photo by Mario Proenca/Bloomberg/Postmedia files

The Canada Pension Plan Investment Board , one of the world’s largest pension funds , is set to raise about €839 million ($1.359 billion) from the sale of its 5.4 per cent stake in Portuguese energy company EDP SA.

CPPIB will price the sale at €3.729 ($6.04) each, the bottom of the marketed range, in an overnight placing arranged by Goldman Sachs Group Inc., according to terms seen by Bloomberg News. The offering of about 225 million shares was multiple times oversubscribed at that level, the terms show.

China Three Gorges Corporation is EDP’s top shareho

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