Edison targets Eni Gas & Power
Edison, the Italian subsidiary of listed French energy and utility group EDF, is considering making a bid for Eni Gas & Power, Italian language daily Il Sole 24 Ore reported. The unsourced report said that Edison could make an offer in 2016.
The report said that Eni Gas & Power is valued at a minimum of EUR 2bn. The item said that parent, listed energy and petroleum group Eni is looking to focus on its core upstream business and is looking to either sell or list Eni Gas & Power.
The report said that listed UK gas group Centrica and international investment funds are also believed to be interested in Eni Gas & Power.
The report added that Edison could partner with F2i, the Italian infrastructure fund, in any bid.
The report said that the acquisition could open the way for Edison to list on the Italian Stock Exchange.
Il Sole 24 Ore