Edison sale holds hopes for French extraction
French state-owned electricity utility Electricite de France (EdF) has reportedly received at least five binding offers for Italian Edison.
EdF owns an 18% stake in Italenergia, the holding company that controls Edison, and has an option that requires it to buy the outstanding 82% it does not already own. According to media reports, Spanish Endesa, and Italian utilities AEM and ASM Bresica have presented five bids, both individually and on a joint basis.