Italy Minister, EDF CEO To Meet On Edison Sept 23
September 15 2011 - 2:00PM
Dow Jones News
Italy's industry minister will meet with the head of French
power giant Electricity de France SA (EDF.FR) next week to review
the progress of talks on the future of Edison SpA (EDN.MI), the
second biggest electricity and natural gas utility by volume in
Italy.
Industry Minister Paolo Romani will meet EDF Chief Executive
Henri Proglio in the town of Brescia, in northern Italy, on Sept.
23, MF-Dow Jones reported Thursday. The head office of A2A SpA's
(A2A.MI) supervisory board is in Brescia. A2A is a shareholder of
Edison.
Romani has already discussed Edison with Proglio at a meeting in
Milan on Sept. 5.
EDF has been in talks with A2A and other Edison shareholders on
how best to dissolve the utility and separate its assets.
Early this year, it reached a preliminary agreement with A2A
that would have allowed the French utility to take control of
Edison and let A2A acquire some hydroelectric assets. But the
agreement was botched by the Italian government, forcing them to
renew talks to find another solution.
-By Oscar Bodini, MF-Dow Jones; Gilles Castonguay, Dow Jones
Newswires; +39 02 5821 9908; gilles.castonguay@dowjones.com
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