Edison Spa MIL:EDNR
Edison S p A : signs the sale and purchase agreement for the sale of its 50% stake in Elp
Source: MarketScreener
PRESS RELEASE
EDISON SIGNS THE SALE AND PURCHASE AGREEMENT FOR THE SALE OF ITS 50% STAKE IN ELPEDISON
Milan - Athens, April 11, 2025 - Edison announces to have signed the sale and purchase agreement for the sale of its 50% stake in ELPEDISON BV, a company incorporated under Dutch law and owner of the entire capital of the Greek company Elpedison SA (Elpedison), to Helleniq Energy Holdings SA.
The signing of this agreement follows the Term Sheet agreed between the parties, on the basis of which Edison's Board of Directors, which met on December 6, 2024, approved the transaction confirming the decision to terminate the 50/50 joint-venture in ELPEDISON after over 15 years of successful joint operations.
The current value of the transaction, still subject to adjustments linked to contractually agreed Earn-Out and Indemnities, is consistent with the previously announced valuation and reaches c.€200m for 50% of the equity (c.€540m for 100% of the Enterprise Value).
The closing of the transaction and the transfer of the shareholding are subject to the fulfilment of certain regulatory conditions and they are expected to take place by end of June 2025.
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Public disclosure requirements under CONSOB Resolution no. 11971 of May 14, 1999, as amended.
Edison Press Office
http://www.edison.it/it/contatti-2;http://www.edison.it/it/media
Elena Distaso, 338 2500609,[email protected];
Lorenzo Matucci, 337 1500332,[email protected];
Lucia Nappa, 334 6639413,[email protected]
Edison Investor Relations:
Anna Ferrari Investor Relator 02.6222 7953 - [email protected];[email protected]
Edison Spa
Foro Buonaparte, 31 20121 Milan
Tel. +39 02 6222.7331 Fax +39 02 6222.7379 [email protected]
www.edison.it