EDF today announces its acquisition of control of Edison Spa through the completion of its previously announced contract to purchase Delmi's participation for €784M. With the completion of this transaction, EDF's equity in Edison's ordinary shares increases from approximately 50% to slightly more than 80% and, with the termination of its shareholders agreement with Delmi, EDF is now in sole control of Edison.
Simultaneously with EDF's acquisition of control of Edison, Delmi completed, under its previously announced parallel contract, the acquisition from Edison of 50% of Edipower for €684M and from Alpiq of 20% of
Edipower for €200M. At the same time, Edipower is completing the reimbursement to Edison and Alpiq of the shareholder loans previously provided by them to Edipower.As previously announced, as a result of the change in control of Edison, EDF will launch a mandatory tender offer for the benefit of the holders of the 19.360% of Edison's ordinary shares that EDF does not own at €0.89 per ordinary share. A courtesy translation of the description required under Italian stock market regulation of the mandatory tender offer will soon be available on Edison's website at www.edison.it
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