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Electricite de France SA Updates on Discussions with Veolia Environnement SA about Dalkia


Monday, 28 Oct 2013 04:00pm EDT 

Electricite de France SA (EDF) announced details of its discussions with Veolia Environnement SA over their joint subsidiary Dalkia. The discussions currently underway envisage the acquisition by EDF of the entire activities of the Dalkia group in France, while Veolia Environnement would acquire the entire activities of Dalkia International. In connection with the transaction, Veolia Environnement would make a cash payment of EUR 550 million to EDF to compensate for the difference in value between the stakes owned by the two shareholders in the various entities of the Dalkia group. 

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