EDF takes note of the communication of the CONSOB released this evening regarding the range of price between 0.84€ and 0.95€ per ordinary share that could be applicable to the mandatory offer on Edison to be launched by EDF as a result of the shareholding reorganisation of Edison announced on December 27th, 2011.
The obligation of EDF to proceed with the shareholding reorganisation is conditioned upon the confirmation by CONSOB of a price of €0.84 per share for the mandatory offer.
This condition has not been satisfied by the CONSOB's communication.
EDF will now be examining the steps that must be taken without further delay to secure Edison's future.
The EDF Group, one of the leaders in the European energy market, is an integrated energy company active in all areas of the business: generation, transmission, distribution, energy supply and trading. The Group is the leading electricity producer in Europe. In France, it has mainly nuclear and hydraulic production facilities where 96.5% of the electricity output is CO2-free. EDF's transmission and distribution subsidiaries in France operate 1,285,000 km of low and medium voltage overhead and underground electricity lines and around 100,000 km of high and very high voltage networks. The Group is involved in supplying energy and services to approximately 27.9 million customers in France. The Group generated consolidated sales of € 65.3 billion in 2011, of which 43.1% was achieved outside of France. EDF is listed on the Paris Stock Exchange and is a member of the CAC 40 index.