December 27, 2011 / 2:15 PM / 8 years ago

A2A, Edipower integration creates Italy's No. 2 power generator

MILAN, Dec 27 (Reuters) - The integration of regional utility A2A and Edison affiliate Edipower will create Italy’s second-biggest power producer with an installed capacity of about 10,000 megawatts, A2A executives said on Tuesday.

French power group EDF reached a long-awaited deal to win control of Edison for 700 million euros ($913 million)on Tuesday.

Under the deal the Italian investors, led by A2A, will receive the Edipower generation portfolio.

“We are very pleased with the outcome of the talks,” the chairmen of A2A’s supervisory and management boards Graziano Tarantini and Giuliano Zuccoli said in a joint statement. ($1 = 0.7669 euros) (Reporting By Stephen Jewkes)

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