The A2a share among the best of the day today in Piazza Affari (+3,5%) - The Milan municipal company is reportedly starting negotiations with the minority shareholders of Edipower to acquire 100%
A2A's goal is to push for group simplification and at the same time further integrate its gas-fired combined cycles with those of Edipower.
The deed for the incorporation of Delmi into Edipower was stipulated yesterday evening - The operation will take effect from 1 January 2013.
Iren's board of directors has given a general green light to the exit from Edipower (in which the company holds 21%), but also asked the managers for further insights.
Iren aims to sell its 20% in the capital of Edipower to A2A, currently at 56% - In return it will get two power plants, but the Milanese company would like the Emilians to also take on part of the red of the company acquired only a few…
In 2011, the subsidiary of the Milanese multiutility lost over 700 million - For the nine plants of the former genco Enel, the write-down was 1,3 billion.
As for the new industrial plan, the timing of presentation (probably between September and October) will be clarified on August XNUMX, with the publication of the half-yearly accounts - "We are developing ideas to reduce debt - Tarantini said again -, you…
"The entry of the Cassa Depositi e Prestiti in the context of a possible merger between A2A and Iren, perhaps in a vehicle that would see the dilution of the Municipalities, would be absolutely interesting": thus the councilor for the budget of the Municipality of Milan, Bruno Tabacci .
Revenues amounted to 3.121 million euros, up 13% - Ebitda at 160 million is in line with the first quarter - The sale of the stake in Edipower to Delmi will allow for an improvement in debt…
The independent director underlines how the sale of Edipower could allow Edison's financial recovery, improving its fiscal position by more than one billion euros. Edipower is also particularly attractive on the market.
Edison's 2011 data published: net loss of 871 million euros, due to write-downs of 928 million - Sales revenues and net financial debt grow, Ebitda drops by 26,7% - Meanwhile the Board of Directors approves the…
The conference call on the results has also been postponed - Zuccoli's death coincides with the return to topicality of the project for the electric maxipole in the North, in which A2A and Iren are expected to participate through the transfer of their plants to Edipower,…
According to an article in Corriere della Sera, the two companies are studying a plan aimed at creating an electricity generation hub around Edipower - According to Intermonte analysts, the operation would make it possible to reduce the debt of the two…
The chairman of the Management Board of the Lombard utility resigns from all his positions, including the presidency of Edison – The resignation has an immediate effect – Yet his dream could soon come true: a large multi-utility…
During the night the BoD rejected the proposal as "it did not incorporate the essential points of the position expressed by us" - The Delmi meeting will still be held today and the Iren representatives will vote against it.
This was reported by the chairman of the management board of A2A, Giuliano Zuccoli: "It is still premature to talk about it, but the funds would tend to enter with a capital increase and we would remain in the majority"