Elena Distaso
Phone number: +39 02 62228522
Mobile phone number: +39 338 2500609
Email: elena.distaso@edison.it
Edison signs the sale and purchase agreement for the sale of its 50% stake in Elpedison
Milan - Athens, April 11, 2025 - Edison announces to have signed the sale and purchase agreement for the sale of its 50% stake in ELPEDISON BV, a company incorporated under Dutch law and owner of the entire capital of the Greek company Elpedison SA (Elpedison), to Helleniq Energy Holdings SA.
The signing of this agreement follows the Term Sheet agreed between the parties, on the basis of which Edison’s Board of Directors, which met on December 6, 2024, approved the transaction confirming the decision to terminate the 50/50 joint-venture in ELPEDISON after over 15 years of successful joint operations.
The current value of the transaction, still subject to adjustments linked to contractually agreed Earn-Out and Indemnities, is consistent with the previously announced valuation and reaches c.€200m for 50% of the equity (c.€540m for 100% of the Enterprise Value).
The closing of the transaction and the transfer of the shareholding are subject to the fulfilment of certain regulatory conditions and they are expected to take place by end of June 2025.
Public disclosure requirements under CONSOB Resolution no. 11971 of May 14, 1999, as amended.
The signing of this agreement follows the Term Sheet agreed between the parties, on the basis of which Edison’s Board of Directors, which met on December 6, 2024, approved the transaction confirming the decision to terminate the 50/50 joint-venture in ELPEDISON after over 15 years of successful joint operations.
The current value of the transaction, still subject to adjustments linked to contractually agreed Earn-Out and Indemnities, is consistent with the previously announced valuation and reaches c.€200m for 50% of the equity (c.€540m for 100% of the Enterprise Value).
The closing of the transaction and the transfer of the shareholding are subject to the fulfilment of certain regulatory conditions and they are expected to take place by end of June 2025.
Public disclosure requirements under CONSOB Resolution no. 11971 of May 14, 1999, as amended.
Press Office Contacts
Lorenzo Matucci
Phone number: +39 02 62227806
Mobile phone number: +39 337 1500332
Email: lorenzo.matucci@edison.it
Davide Calvi
Phone number: +39 02 62227834
Mobile phone number: +39 337 1108265
Email: davide.calvi@edison.it
Marta Mazzacano
Phone number: +39 02 62227049
Mobile phone number: +39 335 7749819
Email: marta.mazzacano1@edison.it