PARIS Feb 14 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
"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.
With annual power generation of approximately 20 billion kWh
it provides roughly one-third of Swiss energy needs.
(Reporting by Geert De Clercq; Editing by James Regan)