EOS and Primeo Energie completed the acquisition of a 25% stake in Alpiq for CHF489m from EDF.

EOS Holding and Primeo Energie, Swiss energy sector investors, completed the acquisition of a 25% stake in utility Alpiq Holding, a power producer, for CHF489m ($489m) from French group EDF. The consortium offered CHF70 ($70.18), which indicates over 7% premium to CHF65.20 ($65.37) per share price on closing on the last day before the announcement. The purchase does not trigger a mandatory offer to remaining shareholders, and any voluntary offer does not carry a minimum price under Swiss takeover rules. By acquiring the participation of EDF, the Consortium of Swiss Minorities: Primeo Energie, EOS and Credit Suisse Energy Infrastructure Partners now owns 88% of Alpiq. "As a committed player in the energy sector in Switzerland, we intend to contribute to the preservation of hydropower generation, which is of systemic support for Switzerland. The "new" Alpiq will be able to optimize the yields of its production, particularly hydropower, in the market where flexibility is a key element". Thierry Lainé, EOS CEO.