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EDF Considers IPO for Edison, Sounds Out Banks for Advice
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Reuters
Photo by Motion Lady on Unsplash
TL;DR
EDF is exploring strategic options for its Italian subsidiary, Edison, with a potential IPO being the most likely path. Investment bankers are in talks with EDF executives regarding this possibility, which could involve divesting 30-35% of Edison's shares. Sources value Edison between €7 billion and €10 billion.
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Key takeaways
- French utility EDF is considering strategic alternatives for its Italian subsidiary, Edison, including a potential initial public offering (IPO), according to a Reuters report
- Senior EDF executives are reportedly in discussions with investment bankers in Paris to explore this possibility
- Sources estimate Edison's valuation to be between €7 billion and €10 billion
French utility EDF is considering strategic alternatives for its Italian subsidiary, Edison, including a potential initial public offering (IPO), according to a Reuters report. Senior EDF executives are reportedly in discussions with investment bankers in Paris to explore this possibility.
Sources estimate Edison's valuation to be between €7 billion and €10 billion. The IPO is currently considered the most probable option, with EDF potentially divesting 30-35% of Edison's shares while retaining a majority stake. Other alternatives under consideration include securing a financial sponsor or selling a stake to an industrial partner.
Related Topics
EDFEdisonIPOInvestment BankingEnergy Sector
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