Discussions are ongoing between French power group Electricite de France SA (EDF.FR) and other shareholders of Italian utility Edison SpA (EDN.MI), after Italy's market regulator struck a blow to a plan to reorganize Edison's shareholding increase EDF's stake in the company to more than 80%, a spokeswoman said Thursday.

Late Wednesday, EDF said it is seeking alternative ways to "secure" the future of Edison after the regulator, Consob, said the price offered by the utility for a planned bid for additional shares in Edison was too low.

Consob said Wednesday that the EUR0.84-a-share price offered by EDF is only representative of one part of a more complex operation and that a fairer price would be in a range of EUR0.84-EUR0.95.

In December, the companies involved in the deal said the EUR0.84 price offered by the French company had been agreed between EDF and the Italian investors and was in line with the average stock market price over the past 12 months.

-By Geraldine Amiel, Dow Jones Newswires; +33 1 40171767; xgeraldine.amiel@dowjones.com

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