Alpiq Ltd: Further step in the sale of Alpiq's share in Romande Energie
May 10, 2013 | by Adrienne Develey
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May 10, 2013, In mid-December Alpiq Holding Ltd. (Alpiq) announced that, as part of the ongoing restructuring programme, it will sell its shares in Romande Energie Holding SA.
In a first tranche, REH purchased from Alpiq 71,257 REH shares at the price of CHF 1,100 per share. The purchase took place on 8 January 2013, making around CHF 78 million for Alpiq.
In a second step, REH is now exercising part of its option to buy 20,000 of the remaining 48,737 REH shares. This reduces Alpiq's stake in REH to less than 3%.
The transaction is a further stage in the current restructuring programme aimed at achieving a cash inflow of CHF 1.2 to 1.6 billion for Alpiq.
Media Contact:
Alpiq AG Adrienne Develey Tel. 062 286 71 10 Fax: 062 286 76 69 presse@alpiq.com
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Source: Adrienne Develey, Press release