The Masaveu family, the second-largest stakeholder group in the Portuguese energy giant EDP, owns 6.82 percent through their investment vehicle Oppidum Capital, which is partly held by Unicaja. They have completed a direct equity purchase of shares in the Portuguese multinational through Flicka Forestal, a vehicle also involved in EDP’s ownership. Flicka expanded its stake by buying 100,000 shares for about 373,000 euros. When you combine Oppidum’s stake, Flicka’s holding, and the Masaveu family’s personal shares, the family now controls roughly 7.2 percent of EDP. This consolidated influence reflects a strategy of gradual, stake-based engagement in a strategic European energy company, aligning the family’s long-standing investment approach with the evolving energy landscape in Iberia and beyond. Source: Reuters and regional financial reports.
The Oppidum structure is led by the Masaveu family, which controls about 55.9 percent, while Unicaja holds the remaining 44.1 percent. Oppidum seats two representatives on EDP’s supervisory board, ensuring a voice in governance and strategic direction. In October, Masaveu and EDP reached an agreement to share responsibility for half of the Aboño combined cycle plant, a project aimed at transforming the facility to replace coal with natural gas in the near term and to explore hydrogen possibilities in the future. This arrangement underscores a broader commitment to cleaner energy transitions, economic efficiency, and long-term value creation for stakeholders. The plan aligns with EDP’s broader strategy to modernize its portfolio, reduce carbon intensity, and pursue scalable solutions for a regional energy market facing regulatory changes and a shifting demand mix. Source: Corporate statements and market disclosures.