| | PRESS RELEASE 27th November 2013 | |
EDF AND EPH COMPLETE THE TRANSACTION FOR THE SALE OF 49% OF STREDOSLOVENSKÁ ENERGETIKA A.S. (SSE) IN SLOVAKIA
EDF and Energetický a prumyslový holding, a.s. (EPH) have completed the transaction for the sale of EDF's minority stake of 49% in Stredoslovenská Energetika a.s. (SSE) to EPH. This announcement follows the receipt of both the approval by SSE general shareholders meeting and the antitrust authorities' clearance.
The transaction values the 49% stake of EDF in SSE at approximately 400 million euros.
EDF had announced on May 21st 2013 it had entered into an exclusivity agreement with EPH, and the two companies had signed a definitive agreement on May 24th 2013.
Stredoslovenská Energetika, a.s. is a power distribution and energy supply company operating in central Slovakia in the province of Zilina, serving about a third of the country's area. At 31 December 2012 SSE owned nearly 33,400 km of high, medium and low-voltage power lines, and had supplied 4,852GWh to about 630,000 customers during the year. SSE also owns some small generation assets in solar and hydro, as well as a 50MW gas turbine. Headquartered in Žilina, SSE has approximately 1,700 employees.
EDF group, one of the leaders in the European energy market, is an integrated energy company active in all areas of the business: generation, transmission, distribution, energy supply and trading. The Group is the leading electricity producer in Europe. In France, it has mainly nuclear and hydropower generation facilities where 95.9% of the electricity output is CO2-free
EDF's transmission and distribution subsidiaries in France operate 1,285,000 km of low and medium voltage overhead and underground electricity lines and around 100,000 km of high and very high voltage networks. The Group is involved in supplying energy and services
to approximately 28.6 million customers in France. The Group generated consolidated sales of €72.7 billion in 2012, of which 46.2% outside
of France. EDF is listed on the Paris Stock Exchange and is a member of the CAC 40 index.
EPH is a leading CE vertically integrated energy utility covering wide range of energy activities in gas, heat, power and mining sectors. Through EP Energy EPH covers coal extraction, combined heat and power generation (cogeneration), energy distribution, coal sales and electricity wholesale and electricity supply to end-customers. Through SPP EPH has a dominant position in all segments of the gas market in Slovakia and is one of the leading gas TSOs in Europe. With 10,500 employees EPH operates in Germany (number three ligning mining company), Czech Republic (number one heat supplier and number two power generator), Slovakia (number one in gas transmission, distribution, gas storage and supply) and Poland (only foreign investor in hard coal mining in the country).
| Please, only print this document if absolutely necessary. EDF SA Energetický a prumyslový holding, a.s. 22-30, avenue de Wagram Parížská 26 75382 Paris cedex 08 110 00 Praha 1 Capital de 924 433 331 euros 552 081 317 R.C.S. Paris www.edf.fr www.epholding.cz | CONTACTS Press EDF Carole Trivi & Alison Marquilly : +33(1) 40 42 44 19 Press EPH Daniel Castvaj : +420 232 005 355 Analysts and investors EDF Kader Hidra & Carine de Boissezon : +33(1) 40 42 45 53 David Newhouse (investisseurs US) : +33(1) 40 42 32 45 |