Public disclosure required by Consob Resolution No. 11971 of May 14, 1999, as amended. Public disclosure required by Consob Resolution No. 11971 of May 14, 1999, as amended. Edison’s net financial position improves by 36 million euros.
Milan, Novembre 25, 2004 - Edison sold its 35.835% interest in the Brazilian company Açucar Guarani Sa (Sugar Operations) to Tereos at a price of 36 million euros.
The sales price was collected today.
Tereos is an agribusiness cooperative created through the merger of Béghin-Say and the Origny-Naples Consortium. The sale of Açucar Guarani is the result of agreements signed by Edison and the Origny-Naples Consortium upon the sale of Edison’s interest in Béghin-Say in December 2002.
The sale of Açucar Guarani will have no effect on Edison’s statement of income, but improves its financial position by 36 million euros.
This transaction is consistent with the Group’s strategy of selling noncore assets to reduce indebtedness.
