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EDF acquires Italy's second-largest energy company Edison SpA in €3.8 billion (US$5 billion) deal

May 2012

Client(s) EDF (Electricité de France)

Jones Day advised Electricité de France SA ("EDF") in the acquisition of Edison S.p.A. ("Edison"). EDF now holds in excess of 80% of the shares of Edison after completing its acquisition of Delmi's shareholding for €784 million and will launch a mandatory tender offer for the remainder of Edison's shares at €0.89 per ordinary share. The overall deal value is approximately €3.8 billion, including related transactions whereby Delmi acquired Edipower, Edison's wholly-owned subsidiary, for an aggregate of €884 million and the pro-rata assumption of Edipower's debts.

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