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A2A closes and draws on Edipower refinancing
28 May 2012
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[a2a]
[edipower]
[edison]
[EDF]
[delmi]
Italian utility A2A has closed a Eu1.25 billion ($1.6 billion) loan to finance the acquisition of a 70% stake in Italian energy company Edipower and refinance existing debt held by the target company. First drawdown on the debt has already occurred. The acquisition, through holding company Delmi, means that A2A is now Italy’s second largest power producer, with an installed capacity of about 10,000MW.
Financial close brings to an end a year-long discussion between A2A and EDF over their shareholdings in Edison and its subsidiary Edipower. EDF and the shareholders in Delmi, including A2A, bought Edison in...
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