A2A To Restart Edison Talks With EdF Based On March Agreement
28 September 2011 - 3:00AM
Dow Jones News
A2A SpA (A2A.MI) Tuesday approved the resumption of talks with
French energy company Electricite de France SA (EDF.FR) over
control of Edison SpA (EDN.MI), said a top official of the Italian
municipal utility.
A2A's management board decided unanimously to officially approve
resuming talks with EdF about Edison "based on the agreement
reached in March," said Giuliano Zuccoli, chairman of the board,
after a meeting in Milan.
In March, A2A and EdF preliminarily agreed to split the assets
of power generator Edipower SpA, which is controlled by Edison,
with the Italians receiving hydroelectric plants in exchange for
letting the French run Edison.
Currently A2A and EdF jointly run Edison, Italy's second-largest
power and natural gas company.
-By Oscar Bodini, MF-Dow Jones, and Giada Zampano, Dow Jones
Newswires; +39 06 6976 6920; giada.zampano@dowjones.com
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