Edison in talks to sell 25% stake to Italian partner
Edison, the Italian utilities group owned by French energy group EdF, is in talks to sell a 25% stake to an Italian partner, EdF CEO Marc Benayoun said in an interview with Italian language daily Il Corriere della Sera . When he was asked whether the other party was Italian infrastructure fund F2i, Benayoun neither confirmed or denied the possibility but noted that Edison had excellent relations with the fund.
Benayoun said that if talks were successful, the stake would be sold this year or in in the first part of 2017.
Benayoun told Il Corriere della Sera that a relisting of Edision was possible in 2018 or 2019 but that EdF intended to retain over 50% of the company. At present, it holds 99.5% of Edison.
Edison has EBITDA of EUR 600m, Benayoun noted.
Il Corriere della Sera