EOS and Primeo Energie Acquire Block of Alpiq Shares from EDF

Source Press Release
Company EOS Holding SAEDFPrimeo Energie AG 
Tags Corporate Deals, Deals, Refining & Marketing Activities, Power
Date April 05, 2019

The two Alpiq consortium shareholders EOS Holding SA (EOS) and Primeo Energie (formerly EBM; member of the Consortium of Swiss Minority Shareholders KSM) are each taking over half of the 25.04 percent block of Alpiq shares from Eléctricité de France (EDF) at a price of CHF 489 million. The transaction will be financed through mandatory exchangeable loans from CSA Energy Infrastructure Switzerland (CSA), an investment group of the Credit Suisse Investment Foundation.

The two existing Alpiq consortium shareholders EOS (currently 31.44 percent) and Primeo Energie (currently 13.65 percent) are each taking over half of the 25.04 percent block of Alpiq shares from EDF at a price of CHF 489 million (CHF 70 per share). The transaction will be financed through mandatory exchangeable loans from CSA, the largest Swiss investment solution in the field of energy infrastructure. CSA focuses on investments in Switzerland’s existing supply-critical energy infrastructure.

The transaction is subject to the approval of the competition authorities in Germany. For Alpiq as a contracting party, the consortium agreement concluded by Alpiq’s founding shareholders on 29 September 2005, which was terminated by EDF with effect from September 2020, will expire prematurely upon execution of the transaction.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd