EDF: No Formal Request Submitted Yet To Consob On Edison
10 November 2011 - 7:30PM
Dow Jones News
French state-controlled power group Electricite de France SA
(EDF.FR) Thursday said a first meeting took place Wednesday between
officers of Italiy's market watchdog Consob and advisors of EDF,
Italian utility A2A SpA (A2A.MI), and Italian investment vehicle
Delmi on a possible transaction relating to Italian utility Edison
SpA (EDN.MI).
No formal request was submitted at this stage, the group said
without elaborating.
EDF and Italian shareholders of Edison agreed Friday to continue
talks for EDF to take control of Edison, pending an opinion on
EDF's tender offer for the remaining stake from Italy's stock
market regulator Consob.
EDF is expected to request an opinion from Consob, with a
decision any time before Christmas. Consob has no formal deadline
by which it must make the decision regarding the price of EDF's
minority buyout.
-By Geraldine Amiel, Dow Jones Newswires; +33 1 40171767;
geraldine.amiel@dowjones.com
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