EDF says Alpiq likely not long-term investment
PARIS Feb 14 (Reuters) - French utility EDF's 25 percent stake in Swiss unit Alpiq is probably not a long-term investment, EDF Chief Executive Henri Proglio said on Thursday.
"In general, we do not want to be minority shareholders, we like to control our own destiny," Proglio told reporters after the company's 2012 results presentation.
Asked whether EDF's stake was a long-term investment, Proglio said: "Probably not".
Alpiq, which has a market value of $3.2 billion, was established in 2009 by a merger between two Swiss utilities and the Swiss operations of EDF.