Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

EDISON SPA (EDN)
Mes dernières consult.
Most popular
Report
SummaryNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsSector newsTweets

Edison SpA : 05/05/2012 Price sensitive Edison: the Board approves Delmi's new offer for Edipower

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/06/2012 | 08:23pm CET

05.05.12 - 19.08Price sensitive

Milan, May 5, 2012 - Edison's Board of Directors, meeting today, agreed to accept the offer received from Delmi to increase from 604.4 million euros to 684 million euros the sales price of Edison's stake in Edipower (50% of Edipower's share capital).

The offer is part of the transaction that will lead, on the one hand, to the sale to Edf by Delmi of its stake in Tde and, on the other hand, to the sale to Delmi of the entire 70% stake in Edipower held by Alpiq and Edison.

The sales agreement, the other aspects of which remain unchanged, is still subject to the fulfillment of certain conditions present, including, notably, the completion by Delmi of the sale of its 50% interest in TdE.

The sale of Edipower stake will free resources for the development of Edison activities and will improve Edison net financial position of about 1.2 billion euros with a positive impact on company's capital ratios. A gas supply contract between Edison and Edipower will allow Edison to maintain well balanced its gas sources and uses.

This press release should be viewed also as an addendum to the disclosure document related to the contract for the sale of the 50% equity interest in Edipower and to the contract for the supply of natural gas to Edipower published on February 22, 2012 and available on the company website www.edison.it

Duty to notify the public in accordance with Consob decision no. 11971 of 05/14/1999 as amended.

Edison's External Relations and Communication
Edison's Press Office: T +39 02 62227331; E [email protected]
Edison's Investor Relations: T +39 02 62228415; E [email protected]

Real time news on Edison on www.edison.it/en

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EDISON SPA
07:19p EDISON : announces the calendar of corporate events
10/31DJTotal and Edison Sign Lease for Exploration off Greece -Reuters
10/26 EDISON : closes the 9 months with revenues at 7.2 billion euros and EBITDA showi..
10/20 EDISON : the Offer Document on Frendy Energy was presented at Consob
10/17 EDISON : acquires control of Frendy Energy and launches mandatory public tender ..
10/13DJGas Natural to Sell Italian Operations for EUR759 Million
10/13 EDISON : signs binding agreement with Gas Natural Fenosa for the acquisition of ..
10/13 EDISON : sells to Snam ITG and 7.3% interest in Adriatic LNG
10/11 EDISON : confirmed to 0.34 Euros per share the price for the acquisition of Fren..
09/21 EDISON : approved the project for merger by incorporation of Edison Trading
More news
Income Statement Evolution
Managers
NameTitle
Marc Benayoun Chief Executive Officer & Director
Jean-Bernard Lévy Chairman
Didier Calvez Chief Financial Officer
Claudio Serracane Director-Research Development & Innovation
Gian Maria Gros-Pietro Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
EDISON SPA128
NEXTERA ENERGY INC32.41%74 807
ENEL31.92%66 763
CHINA YANGTZE POWER CO., LTD.32.23%54 902
INNOGY SE19.77%25 848
TENAGA NASIONAL BHD--.--%21 516