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HomeAlpiq GroupMedia RelationsMedia releases

Creation of the new Atel/EOS energy group on course

04/26/2006, 07:30 | Ad hoc announcement pursuant to Art. 53 LR

On the evening of 25 April 2006 there were reports in the Swiss media that the creation of the new energy group from the merger of Atel and EOS had been blocked for the time being. These reports are false.

The truth is that one of Atel’s minority shareholders has submitted an objection to the Swiss Federal Banking Commission (SFBC) regarding the recommendation made by the Swiss Takeover Board on 7 April 2006. The SBC will now examine this challenge. In its recommendation, the Swiss Takeover Board stated that Motor-Columbus’ exchange offer to Atel’s shareholders is fundamentally in accordance with the Swiss Stock Exchange Act. The exchange offer referred to above is a single step within a comprehensive transaction. The timetable for this transaction is unchanged and provides for a merger of Atel and the activities and assets of EOS within a newly created holding structure. Electricité de France (EDF) also intends to contribute its Swiss activities to the new company. The current SFBC examination of the above-mentioned challenge does not impact on the implementation of this overall transaction objective in any way.

Aare-Tessin Ltd. for Electricity Corporate Communications


Aare-Tessin Ltd. for Electricity (Atel)
Aare-Tessin Ltd. for Electricity (Atel) is the leading production-based energy service provider in Switzerland and operates at a pan-European level. Founded in 1894, Atel focuses on the two core businesses of production-based Energy Trading and Energy Services. The group of companies, domiciled in Olten, employs a staff of around 8400 and generated a turnover of CHF 8.6 billion in 2005. Its main markets in the energy sector are Switzerland, Italy, Germany and the Central and Eastern European countries. Its goods and services range from portfolio management and group energy supplies, to energy derivatives and option contracts, to establishing distribution concepts involving other partners. Trading and distribution are supported by a number of proprietary hydraulic and thermal power stations plus a broadly ramified transmission grid. With its Energy Services Division, Atel provides all technical services pertaining to energy (electricity, gas, oil and biomass) and its uses as power, lighting, cooling and heating, communication and security. Atel is among the leading providers of Energy Services in both Switzerland and Germany.