Key Developments: Electricite de France SA (EDF.PA)
Latest Key Developments (Source: Significant Developments)
Electricite de France SA:Is preparing an offering of multi-currency hybrid debt-L'Agefi Quotidien.Fitch has rated the instruments A-.There will be two euro-denominated tranches reaching maturity in 2042 and 2046 with 25 basis-point step-ups in 2024 and 2026 respectively.There will be a tranche denominated in pounds reaching maturity in 2049, with a step-up in 2029.There will be a dollar-denominated tranche reaching maturity in 2044, with a step-up in 2024. Full Article
Alstom SA:Alstom SA initiated at the end of Dec. 2013, together with its partner MAN, a procedure against the results of call for offers launched by Electricite de France SA (EDF) and concerning the delivery of emergency diesel engines for French nuclear power plants-Reuters.The order for those diesel engines represents the value of about 1 billion euros.The judicial review should take place on Jan. 23 and be focused on the call for offers conditions.Having rejected the offer of Alstom SA, EDF continues negotiations with two other participants, namely the consortium led by Eiffage's Clemessy (with Anglo Belgium Corporation as the member) and the consortium led by Toshiba's Westinghouse (with Fairbanks as the member). Full Article
Electricite de France SA:Signs an agreement for the creation of a Joint Venture with GEHC (Global Energy Holding Company).Says the joint venture will aim, as a first step, to carry out feasibility studies in the context of the Saudi nuclear programme, based on the French technology of the EPR. Full Article
Electricite de France SA and Areva SA sign agreements with companies and universities for Saudi nuclear program
Electricite de France SA:Says to have signed, together with Areva SA, two sets of agreements aimed at supporting the Saudi nuclear energy program.Says the two companies have signed Memorandums of Understanding (MoUs) with five Saudi industrial partners, namely Zamil Steel, Bahra Cables, Riyadh Cables, Saudi Pumps and Descon Olayan, to develop the industrial and technical skills of local companies.Says the second series of agreements signed with four Saudi universities, namely King Saud University in Riyadh, Dar Al Hekma College and Effat University in Jeddah and Prince Mohammed bin Fahd University in Al-Khobar, are intended to contribute to the development of nuclear expertise in the country. Full Article
Electricite de France SA (EDF):Receives 13.5 million fine for anti-competitive behavior-Agence France Presse.The French Competition Authority ruled that it had favored its subsidiary EDF ENR in the solar-panel market.The authority highlighted the fact that it had used the client file from its former electricity monopoly and the EDF brand in order to win clients for EDF ENR. Full Article
Electricite de France SA:Electricite de France SA's 300 megawatt (MW) Paluel 4 nuclear reactor stopped for an unplanned outage on Dec. 11 at 0955 GMT, according to the French grid RTE-Reuters.The grid said the reactor should restart on Thursday at 0900 GMT.It did not give a reason for the outage. Full Article
Electricite de France SA (EDF):EDF's nuclear reactor stopped at 0735 GMT on Dec. 4 for an unplanned outage, France's power grid RTE said on its website-Reuters.RTE did not provide a reason for the outage nor did it give a date for the reactor's restart. Full Article
Alstom SA, Electricite de France SA's EDF Energies Nouvelles and wpd offshore submit joint bids for French offshore wind energy projects
Alstom SA:Says the consortium comprising Electricite de France SA's EDF Energies Nouvelles and company, wpd offshore have submitted two bids for the second call for tenders for French offshore wind energy projects.Says the energy projects will represent an additional 1,000 MW of offshore wind energy for France. Full Article
EDF and Energeticky a prumyslovy holding, a.s. complete the sale of 49% stake in Stredoslovenska Energetika a.s.
Electricite de France SA:Says to have completed the transaction with Energeticky a prumyslovy holding, a.s. (EPH) for the sale of EDF's minority stake of 49% in Stredoslovenska Energetika a.s. (SSE) to EPH.Says the transaction values the 49% stake of EDF in SSE at about 400 million euros.Says SSE is a power distribution and energy supply company operating in central Slovakia. Full Article
Electricite de France SA:Says it has decided to pay a cash interim dividend for 2013 Fiscal Year amounting to Euros 0.57 per share.This interim dividend will have an ex date on Dec. 12, and a payment date on Dec. 17. Full Article
PARIS - France will use a visit from China's President this week to seek tighter business links to the world's number-two economy in a bid to boost its own anemic one, signing big-ticket industry deals and working to cut its trade and investment deficits.