New news from the transalpine energy giant Edf. According to press leaks, yesterday the French presented their counter-proposal to the Government and to the Italian shareholders. The Proglio Group allegedly offered Italian shareholders a price between 1,15 and 1,3 euros per share, i.e. 15%-25% less than the offer presented by the Italian and rejected by Edf. In this case, the French giant would obtain an immediate exit from the Italians of Delmi, definitively putting an end to the Italians' request for a put at three years.
Edf, in its attempt to obtain control over the Italian Edison as quickly as possible, according to what was reported by the Tm News agency, would have asked Consob for "exemption from any obligation to launch a residual takeover bid" on the company's shares Italian. The transalpine company believes it has always exercised control of the company if its direct shareholding of 19,4% is also considered.
According to the Equita experts, the only way to avoid the takeover bid is for Consob to consider the takeover bid launched by Transalpina di Energia in 2005 – through which Edf acquired just under 50% of Edison – a takeover bid launched by Edf itself.
The news had an immediate effect on Edison's stock, which this morning in Piazza Affari lost more than 10 points. In the following hours, however, the company's shares recovered ground, quickly managing to halve the losses. Around 14 pm Edison leaves 30% on the ground.
