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
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 firstname.lastname@example.org
Edison's Investor Relations: T +39 02 62228415; E email@example.com
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