16 February 2012 – Late yesterday evening A2A, Delmi, EDF, Edison and Alpiq signed the final contracts provided for by the preliminary agreement dated 26 December 2011 relating to the reorganization of the equity investments in Edison and Edipower.
The basic elements of a contract for the supply of gas by Edison to Edipower were also agreed upon, and this contract will cover 50% of Edipower’s needs for a 6-year period at market conditions.
Closing will have to take place within 20 working days from the occurrence of the conditions precedent and in any case no later than 30 June 2012. Indeed, the entire transaction is subject to a confirmation by Consob stating that the price of the compulsory takeover bid following the acquisition of control of Edison by EDF is not higher than EUR 0.84 per share. The transaction is also subject to approval by the competent Antitrust authority.
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