Electricite de France SA may need to pay about 30 million euros ($39.2 million) more in its takeover bid for Edison SpA (EDN) to adjust for the higher price requested by Italian market regulator Consob, Milano Finanza reported, without saying where it got the information.
Carlo Tassara SpA won’t tender its 10 percent stake in Edison because the company, controlled by French investor Romain Zaleski, values the shares at 1.49 euros each and doesn’t want to book a loss, the Milan-based newspaper said.
Consob requested a revised bid of as high as 89 euro cents a share, which would have increased the total cost by as much as 60 million euros, MF reported yesterday.
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