CERNOBBIO, Italy (Reuters) -Edison is ready to list on the Milan bourse if that is the decision of its parent company, France's EDF, the chief executive of the Italian group said on Saturday. (
Edison Prepared for Milan Listing If EDF Moves Forward, Says CEO
By Francesca Landini
CERNOBBIO, Italy (Reuters) -Edison is ready to list back on the Milan bourse if that is the decision of its parent company, French utility EDF, the chief executive of the Italian energy group said on Saturday.
Under the leadership of new CEO Bernard Fontana, state-owned EDF has started reviewing its portfolio of assets as it seeks to raise funds to meet government demands to spur investments in new nuclear reactors.
"At EDF, they have a new management and are currently reviewing their options ... if this review includes also Italy, we are ready," Edison CEO Nicola Monti told reporters on the sidelines of the annual TEHA Forum.
The group has already in place the corporate structure and procedures necessary for its stock to trade publicly, as EDF kept the savings share listed in Milan when it acquired full control of Edison and took it private in 2012, Monti said.
Any listing of the ordinary shares would also take place in Milan, the CEO said, adding he knew for a fact EDF was weighing such an option though no advisers had yet been hired.
Edison would have to hire its own adviser if EDF decides to press ahead with the project, Monti said.
Edison reported revenues of 15.4 billion euros ($18 billion) and a core profit of 1.7 billion euros last year.
($1 = 0.8542 euros)
(Reporting by Francesca Landini; Editing by Valentina Za)
