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 news 

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 ufficiostampa@edison.it
Edison's Investor Relations: T +39 02 62228415; E investor.relations@edison.it

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
12/01 EDISON : Acquired 112,949 Alerion shares, equal to 0.259% of the share capital, ..
11/30 EDISON : Eolo Energia renounces to minimum acceptance level of its public tender..
11/30 EDISON : Acquired 1,074,468 Alerion shares, equal to 2.466% of the share capital..
11/29 EDISON : Acquired 169,129 alerion shares, equal to 0.388% of the share capital, ..
11/28 EDISON : Acquired 55,922 alerion shares, equal to 0.128% of the share capital, f..
11/25 EDISON : Acquired 30,000 Alerion shares, equal to 0.069% of the share capital, f..
11/25 EDISON : Published the document named "Perché Eolo Energia"
11/24 EDISON : Acquired 24.976 alerion shares, equal to 0.057% of the share capital, f..
11/23 EDISON : Today acquired 392,477 Alerion shares, equal to 0.901% of the share cap..
11/22 EDISON : Today acquired 1.784.951 Alerion shares, equal to 4,096% of the share c..
More news
Sector news : Renewable Utilities
12/02DJOrigin Energy's New CEO Makes Changes to Leadership Team
11/25DJDOMINION RESOURCES : Saudi Arabia to Skip Meeting With Non-OPEC Producers
11/24 FROM BOOKS TO BANKS : Investors place bets against Italy meltdown
11/23 DRAX : Britain maintains carbon tax freeze until April 2021
11/21DJTsunami Alerts Lifted After Japan Earthquake
More sector news : Renewable Utilities
Advertisement
Income Statement Evolution
More Financials
Managers
NameTitle
Marc Benayoun Chief Executive Officer & Director
Jean-Bernard Lévy Chairman
Didier Calvez Chief Financial Officer
Claudio Serracane Head-Research Development & Innovation
Giambattista Retegno Engineering Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
EDISON SPA83
NEXTERA ENERGY INC9.95%53 460
CHINA YANGTZE POWER CO..-1.62%42 638
ENEL S.P.A.-2.72%41 511
TENAGA NASIONAL BHD--.--%17 874
AGL ENERGY LTD16.32%10 549
More Results