Member access

4-Traders Homepage  >  Shares  >  Italian Stock Exchange  >  Edison SpA    EDN   IT0003152417

EDISON SPA (EDN)

4
SummaryNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsSector news 

Edison SpA : Edison Board Approves Deal For EDF To Take Control

01/24/2012 | 07:05am US/Eastern

Edison SpA (EDN.MI) Tuesday said its board had approved an agreement in principle that will allow Electricite de France SA (EDF.FR) to take over the Italian utility

The French energy giant, also known as EDF, agreed with a group of Edison shareholders last month to increase its stake to nearly 81% from 50% for about EUR700 million.

In exchange, the group of shareholders led by regional utility A2A SpA (A2A.MI) will take a 70% stake in Edipower through a holding company called Delmi for EUR800 million. Edipower is a power producer with nine plants in Italy.

"Edison Board of Directors ...has positively assessed the agreement, which will be executed by the deadline of Feb. 15th," it said in a statement.

Edison also said the deal will free resources for the development of its activities and improve its net financial position of about EUR1.1 billion with a positive impact on its capital ratios.

-By Gilles Castonguay, Dow Jones Newswires; +39 02 5821 9908; gilles.castonguay@dowjones.com; Twitter: @GRCastonguay

React to this article
Latest news on EDISON SPA
6d ago EDISON : Board of Directors appoints Jean-Bernard Lévy as Company Chairman
12/09 EDISON : signs two MOU with QALAA and EGPC to build a combined cycle power plant..
11/06 EDISON : 06/11/2014 Price sensitive CLOSING OF THE AGREEMENT AMONG EDISON, EDF E..
10/22 EDISON : 22/10/2014 edison: documentation for ordinary shareholders' meeting hel..
09/26 EDISON : 26/09/2014 Price sensitive EDISON: S&P UPGRADES LONG TERM RATING TO A- ..
09/23 EDISON : 23/09/2014 Price sensitive EDISON: THE SHAREHOLDERS' MEETING APPROVES T..
08/30 EDISON : 29/08/2014 Price sensitive EDISON: CONCLUSION OF THE ARBITRATION WITH P..
07/31 EDISON : 31/07/2014 Price sensitive EDISON: NOTICE OF THE ORDINARY SHAREHOLDERS'..
07/31 EDISON : 31/07/2014 Price sensitive EDISON: 2014 SEMIANNUAL REPORT IS AVAILABLE
07/31 EDISON : 31/07/2014 Price sensitive EDISON, EDF ENERGIES NOUVELLES AND F2I ENTER..
Advertisement
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF