EOS and Primeo Energie acquire block of Alpiq shares from EDF

10. April 2019

EOS Holding SA and Primeo Energie (member of the Consortium of Swiss Minority Shareholders), both current shareholders of Alpiq Holding SA, have acquired EDF’s shares in Alpiq Holding SA at a price of CHF 489 million.

EDF Alpes Investissements Sàrl and EDF International SAS were holding together 25.04% of the Alpid Holding SA’s shares. This transaction is financed by Schweizer Kraftwerksbeteiligungs-AG, a company wholly owned by CSA Energy Infrastructure Switzerland, through the conclusion of mandatory exchangeable loan agreements. In this context, the shareholders, including EOS Holding SA and Primeo Energie, of Alpiq Holding SA are willing to reorganize the shareholding structure. This reorganization involves in particular the conversion of the mandatory exchangeable loan agreements and the delisting of Alpiq Holding SA.

 

The media release of Alpiq in relation with the transaction can be retrieved here: LINK

  

Kellerhals Carrard (Jean-Luc Chenaux and Edgar Philippin, partners and Joséphine Marmy, associate) advises EOS Holding SA in relation with this complex transaction. The other parties are represented by Baker McKenzie (Zurich), Wenger Plattner (Basel), Bär & Karrer (Zurich), Sullivan & Cromwell and Weil, Gotshal & Manges LLP (Paris).