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Press release Box-ID: 537091

Alpiq Holding AG Ch. de Mornex 10 1003 Lausanne, Switzerland http://www.alpiq.com
Contact Ms Denise Linggi +41 62 286 75 60
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Alpiq Holding AG

Alpiq closes sale of ETT

Alpiq has closed the sale of the Energy Transmission Technology (ETT) business unit of the Alpiq Anlagentechnik Group (AAT)

(PresseBox) (Olten, )
Alpiq Holding Ltd. announced that today it has completed on schedule the sale to Vinci Energies of the Alpiq Anlagentechnik Group's Energy Transmission Technology business (ETT), which was announced on 27 April 2012. The transaction was completed on the basis of an enterprise value of EUR 240 million. The purchase price, based on equity value, is EUR 195 million, with an additional inflow of around EUR 50 million in Alpiq's favour from liquidity reserves and interest due to the retroactive transfer as of 1 January 2012. Taking into account the special dividend of EUR 60 million paid out in the first quarter of 2012 in connection with the transaction, the total cash inflow to Alpiq from the sale of the ETT business amounts to around EUR 305 million or CHF 366 million.

The sale of the ETT business is part of the restructuring programme launched in November 2011, by means of which Alpiq is aiming to reduce net debt by CHF 1.5 to 2.0 billion. Further divestments are in the pipeline.

Alpiq Holding AG

Since its foundation in 2009, Alpiq Holding Ltd. has been the leading energy trader and service provider in Switzerland with European reach. Active in Switzerland and Europe, the Group has subsidiaries in more than 20 countries and in 2011 generated consolidated annual revenue of around CHF 14 billion. Alpiq specialises in electricity generation and transmission, sales and trading, as well as energy services, and is responsible for around one-third of Switzerland's electricity supplies.

More information on Alpiq: www.alpiq.com

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.