UPDATE 2-Elliott proposes ‘superior’ plan for Portuguese utility EDP

* Proposes sale of Brazil operation, Iberian thermal
holdings

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/companyNews/~3/fKGhD2nlewI/update-2-elliott-proposes-superior-plan-for-portuguese-utility-edp-idUSL5N2092Z3