A2A SpA (A2A.MI) said early Friday that the company, Delmi and
Electricite de France SA (EDF.FR) have agreed to extend until Dec.
30 their shareholders pact regarding Transalpina di Energia and
Edison SpA (EDN.MI).
The pact originally expired Wednesday.
In a filing to the Italian stock exchange, A2A said the pact
extension was agreed "in light of the significant progress made on
the negotiations."
EDF is negotiating with Edison shareholders an industrial and
shareholding reorganization of Edison, which will give the French
company control of the Italian power company.
EDF, which presently holds about 50% of Edison directly and
indirectly.
Edison is 61.3% held by Transalpina di Energia, itself 50% held
by EDF and 50% by Italian shareholders Delmi, which in turn is led
by A2A.
In addition, A2A said that both EDF and Delmi have the right to
break the pact before Dec. 30, in which case there would be an open
auction of Edison shares held by Transalpina.
Exchange website: www.borsaitaliana.it
-By Enza Tedesco, Dow Jones Newswires,
enza.tedesco@dowjones.com