Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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
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
Latest news on EDISON SPA
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..
2016 EDISON : Acquired 1,074,468 Alerion shares, equal to 2.466% of the share capital..
2016 EDISON : Acquired 169,129 alerion shares, equal to 0.388% of the share capital, ..
2016 EDISON : Acquired 55,922 alerion shares, equal to 0.128% of the share capital, f..
2016 EDISON : Acquired 30,000 Alerion shares, equal to 0.069% of the share capital, f..
2016 EDISON : Published the document named "Perché Eolo Energia"
More news
Sector news : Renewable Utilities
10:49a SSE increases stake in UK Dogger Bank offshore wind development
03/22 South Korea's KEPCO in talks to buy Toshiba's stake in UK nuclear project NuG..
03/21DJPOWER ASSETS : 2016 Net Profit Down 17% at HK$6.42 Billion
03/17 Enel says not right time for big deals in European power
03/17 TOKYO ELECTRIC POWER : Tepco denies it plans to scrap reactor at plant close to ..
More sector news : Renewable Utilities
Income Statement Evolution
More Financials
Marc Benayoun Chief Executive Officer & Director
Jean-Bernard Lévy Chairman
Pierre Vergerio Chief Operating Officer
Didier Calvez Chief Financial Officer
Claudio Serracane Head-Research Development & Innovation
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ENEL S.P.A.0.76%46 662
AGL ENERGY LTD15.62%13 103
More Results