Press release BoxID: 458213 (Alpiq Holding Ltd.)
  • Alpiq Holding Ltd.
  • Bahnhofquai 12
  • 4601 Olten
  • Contact person
  • Martin Bahnmüller
  • +41 (62) 28671-10

Preliminary agreement by EDF and Alpiq regarding Edipower

(PresseBox) (Olten, ) EDF and Alpiq announce that they have signed a preliminary agreement for the sale to EDF of Alpiq's 20% equity stake in Italian company Edipower. They have agreed to enter into negotiations on the basis of a price range between €150m and €200m. This preliminary agreement is part of the new proposal regarding Edison made yesterday in Milan by EDF to its Italian partners.

Alpiq has granted to EDF exclusivity until January 15, 2012 in order to finalise this agreement, which is subject to, among other conditions, an approval of the transaction by the boards of directors of EDF and Alpiq. Additional information regarding the impact of this transaction on the results and the balance sheet of Alpiq will be disclosed on November 4, 2011.

Alpiq Holding Ltd.

Roots in Switzerland - active throughout Europe

Alpiq Holding Ltd. is the leading energy trader and service provider in Switzerland, with pan-European reach. The Alpiq Group was created in early 2009 as a result of the merger between the two energy pioneers Atel Holding Ltd. and Energie Ouest Suisse SA (EOS). Active in 33 nations, it has subsidiaries in 28 countries, employs more than 11,000 staff, and in 2010 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: