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

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 CEST

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
06/06 EDISON : Gazprom, DEPA and Edison ink Agreement of Cooperation on the southern r..
05/05 EDISON : closes q1 with revenues of €2.8 billion and ebitda showing strong growt..
04/04 EDISON : requirements regarding the independence of the statutory auditors are v..
03/30 EDISON : The shareholders' meeting approves the 2016 annual financial statements..
03/29 EDISON : Presented the candidates for the renewal of the board of statutory audi..
01/17 EDISON : Here below, on behalf of the subsidiary Eolo Energia S.r.l., the press ..
01/16 EDISON : Eolo Energia and F2i close the PTO on Alerion Clean Power with 38.931% ..
2016 EDISON : Published the offering document on the global mandatory public offer to..
2016 EDISON : Acquired 112,949 Alerion shares, equal to 0.259% of the share capital, ..
2016 EDISON : Eolo Energia renounces to minimum acceptance level of its public tender..
More news
Sector news : Renewable Utilities
05:11p South Korea's KEPCO in talks for stake in UK nuclear project
06/26 Open Fiber close to deal with Acea on broadband in Rome - sources
06/21DJSOUTHERN : Mississippi Regulators Seek to End Southern Co. 'Clean-Coal' Plant --..
06/21DJSOUTHERN : Mississippi Regulators Seek to End Southern Co. 'Clean-Coal' Plant
06/21 CENTRICA : UK considering how to tackle household energy prices
More sector news : Renewable Utilities
Advertisement
Income Statement Evolution
More Financials
Managers
NameTitle
Marc Benayoun Chief Executive Officer & Director
Jean-Bernard Lévy Chairman
Pierre Vergerio Chief Operating Officer
Didier Calvez Chief Financial Officer
Claudio Serracane Head-Research Development & Innovation
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
EDISON SPA115
NEXTERA ENERGY INC20.74%66 606
ENEL18.19%55 391
CHINA YANGTZE POWER CO..18.09%48 559
INNOGY SE6.06%22 077
TENAGA NASIONAL BHD--.--%18 711
More Results