End to French-Italian dispute

June 2005
Power Economics;6/1/2005, Vol. 9 Issue 11, p3
The article informs that the long awaited memorandum of understanding for joint power deals has finally been signed by Italian electricity company Enel SpA and French giant Electricite de France SA. The agreement ends the four-year dispute between the French and Italian governments. It allows the state-owned French utility to take control of Italy's number-two power company, Edison SpA. The state-controlled Italian company will be able to capture three per cent of the French power market. Paving the way for the deal the Italian government recently passed a decree scrapping a two per cent limit on EdF's voting rights in Edison, allowing the French company to acquire control.


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