EDF, Delmi To Meet Thursday On Future Of Edison

Representatives of Italian investment vehicle Delmi will meet those of Electricite de France SA (EDF.FR) Thursday in Paris to seek a solution to their dispute on the future of Edison SpA (EDN.MI), a person familiar with the matter said Tuesday.

EDF Chief Financial Officer Thomas Piquemal will Thursday meet Director General Renato Ravanelli of A2A SpA (A2A.MI), the biggest shareholder of Delmi, the person said. The meeting could be "decisive," the person added.

Ravanelli will re-propose to EDF's CFO a preliminary accord that was reached in March to split up the power assets of Edipower SpA, in which Italian utility Edison has a 50% stake, the person said.

The accord was never finalized due to Italian government opposition.

EDF and Delmi have been trying to reach a deal that would give one of the two clear control of Edison. The latest deadline for an agreement is Monday.

EDF on Monday said it had offered to buy out Delmi from Edison but didn't disclose financial details.

-By Oscar Bodini, MF-DJ, and Liam Moloney, Dow Jones Newswires; +39 06 6976 6924; liam.moloney@dowjones.com

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