Monti, Edison capital opening process 'suspended'

"At this moment the process" of opening up the capital is "suspended because there are not sufficient market conditions to proceed". This was stated by Nicola Monti, CEO of Edison, on the sidelines of Green & Net Zero Talk in Milan, commenting on the opening of Edison's capital by EDF.

For Monti, "both options have always been evaluated from the beginning, i.e. the opening of the capital through a listing rather than the sale of a minority share to a third, but objectively today, also due to the lack of visibility on supplies from Qatar which are important for us, we find it difficult to present a short-term plan that is realistic and reliable. Prices are very high, there is a lot of uncertainty and therefore the decision at the moment of our shareholder is to suspend the process and wait for better times".

"There remains - he added - the desire to proceed with the opening of the capital, we will see when the conditions are adequate to be able to resume it. I think we will resume it next year as soon as there is a little more certainty on the markets and in particular on the situation in the Gulf".