ZURICH Dec 6 Swiss power company Alpiq
said it might ask shareholders for funds to help step up the
pace of its restructuring because full-year profit was set to
"Additional measures are being evaluated, including a
possible capital hike," it said on Thursday.
Alpiq's statement followed a report in Swiss daily
Tages-Anzeiger that the company was set to raise around 1
billion Swiss francs ($1.1 billion) capital to avoid a fire sale
The power company said last month that it may have to
"reinforce" its revamp due to a dramatic deterioration in market
conditions and a drop in profit. Alpiq shares were suspended by
the Swiss bourse SIX in early trading on Thursday.
Alpiq has been trimming assets, most recently by selling
down its stake in Repower this week to the other two principal
shareholders, the canton of Graubuenden and Axpo.
($1 = 0.9275 Swiss franc)
(Reporting By Katharina Bart; Editing by Dan Lalor)