Edison, the utility controlled by Fiat and Electricité de France, should today (Friday) announce the details of a Eu592m capital increase for minority shareholders, as it finalises its Eu3.19bn restructuring. The deal will be underwritten by a syndicate led by BNP Paribas, Capitalia, IntesaBci and Sanpaolo IMI. Company directors will meet to approve the preliminary results for 2002 and will finalise the terms for the capital increase as well as the pricing for a further Eu1.095bn of warrants.
February 21, 2003