Italian power company Edison SpA (EDN.MI) said Friday its board will meet on Wednesday to examine "the financial needs of the company."

Edison reiterated its aim to return to profitable growth, leveraging its potential in hydrocarbons despite the challenging conditions in the power sector, it said in a statement.

Italian daily La Repubblica reported earlier Friday in an unsourced story that French shareholder Electricite de France (EDF.FR) will push for a capital increase at the upcoming board meeting. Italian shareholders, the paper reported, are not in favor of a capital increase.

-By Jennifer Clark, Dow Jones Newswires: 39 02 58 21 9904: jennifer.clark@dowjones.com

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