EDF is announcing the completion of the disposal of its 25% stake in Alpiq
EDF announced on 5 April 2019 the signing of a bidding agreement related to the disposal of its stake in Alpiq. Following the approval by the German competition authority, EDF completed on May 28, 2019 the disposal of its 25.04% stake in Swiss power producer Alpiq.
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A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The Group is involved in supplying energy and services to approximately 39.8 million customers*, of which 29.7 million in France. The Group generated consolidated sales of €69 billion in 2018. EDF is listed on the Paris Stock Exchange.
* The customers were counted at the end of 2018 per delivery site; a customer can have two delivery points: one for electricity and another for gas.
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PR Alpiq disposal closing
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Source: EDF via Globenewswire