Company integration creates Italy’s second largest power generator

The integration of regional utility A2A and Edison affiliate Edipower will create Italy’s second-biggest power producer with an installed capacity of about 10,000 megawatts, Reuters reports.

French power group EDF reached a long-awaited deal to win control of Edison for 700 million euros ($913 million)on Tuesday.

Under the deal the Italian investors, led by A2A, will receive the Edipower generation portfolio.

“We are very pleased with the outcome of the talks,” the chairmen of A2A’s supervisory and management boards Graziano Tarantini and Giuliano Zuccoli said in a joint statement.

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