Alpiq agrees to sell its equity stake in Edipower to EDF

UK-based energy supplier EDF and swiss power producer Alpiq have signed a preliminary agreement for the
sale to EDF of Alpiq’s 20 per cent equity stake in Italian company Edipower.

They have agreed to enter into negotiations on the basis of a price range between €150m and €200m.

This preliminary agreement is part of the new proposal regarding Edison, made yesterday in Milan by EDF to its Italian partners.

Alpiq has granted EDF exclusivity until 15 January, 2012, in order to finalise this agreement, which is subject to an approval of the transaction by the boards of directors of EDF and Alpiq.