HOT OFF THE WIRE

EDF May Pay 30 Million Euros More for Edison, MF Reports

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.

To contact the reporter on this story: Nadine Skoczylas in Rome at nelsibai@bloomberg.net

To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.