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EDF considers Edison stake EDF could increase its stake in Edison if A2A decides to relinquish its holding in the Italian utility. A2A, Italy's largest municipal utility, is interested in selling its stake in Edison to reduce debt and fund investments in nuclear power, according to recent press reports. France's EDF may use power assets and cash to buy a €1.6 billion stake in Edison, Italy's second-largest power producer. The move would enable it to strengthen its presence in Italy, where it is planning to develop nuclear reactors with Enel. A2A and France's EDF jointly control Edison through a complex shareholding structure. According to a report by Bloomberg, EDF is looking to buy up to 31 per cent of Edison from A2A, a move that would take its shareholding to 81 per cent. EDF's desire to continue its international expansion could cause concern at home in France, where the utility is under pressure to improve it's the performance of its nuclear power plant fleet. The utility recently announced the signing of a salary agreement for 2010 with four French unions, bringing an end to the strikes that dogged it in 2009. EDF says that the agreement will allow it to overcome the challenge it faces with the retirement of half of its French workforce over the next ten years. Source: Utility Week © Faversham House Group Ltd 2010. News articles may be copied or forwarded
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