EDF announces the disposal at year end 2012 of the totality of its non-strategic stake in Exelon (EXC.N), representing 1.6% of the share capital of the NYSE-listed company
The disposal generated proceeds of c. $470m, corresponding to an average selling price of $34.70 per share i.e. an 18.6% premium on Exelon's latest closing share price ($29.26 as of January 10th, 2013).
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.