Italy's power sector prepares for rivals
Article Abstract:
Italy's local electricity firms are preparing to attract more customers and to meet market changes including higher prices, foreign rivals, and institutional market changes, as the government prepares to deregulate the industry. The European Union has ordered Italy to open at least 22% of its electricity market by February 19, 1999, and at least 33% by 2003. Both the Italian government and industry members expect the Parliament to meet the February 1999 deadline. Some companies signed a deal with Edison, an electric producer in Italy, that calls for Edison to supply electricity to 34 firms.
Comment:
Italy: Local electricity cos prepare to attract customers & meet mkt changes as government prepares to deregulate the ind
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
ENEL, Entergy abandon joint venture
Article Abstract:
ENEL SpA, an Italian state power producer, and Entergy Corp. of New Orleans, LA, abandoned their proposed five-trillion-lire ($2.82 billion) electricity-generation joint venture called Ente Nazionale per l'Energia Elettrica SpA. Plant upgrade costs and the exclusion of two power plants being built in the UK prompted the two companies to dump the planned joint venture. The end of joint venture talks may be more of a delay for ENEL than a setback because there are several firms interested in pursuing ENEL for similar transaction.
Comment:
Abandons proposed electricity-generation joint venture called Ente Nazionale per l'Energia Elettrica SpA w/ Entergy
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
MPS kicks off its road show for IPO
Article Abstract:
Monte dei Paschi di Siena (MPS) has launched its initial public offering (IPO). The IPO will involve 25% of MPS' capital. However, it could reach 28% if the company includes the green-shoe option and bonus shares. MPS' worldwide IPO will put up to 523.4 million shares according to Marco Mazzucchelli, the company's chief financial officer. The green-shoe option will be reserved for institutional investors.
Comment:
Launches initial public offering
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Adviser selected for Polish telecoms. Poland launches largest IPO. Greece moves forward with vigour
- Abstracts: Total market size: sectoral performance. Companies & their strategies: key players: household. Companies & their strategies: key players: incontinence
- Abstracts: German Biotech sector is attracting U.S. firms. Hoechst in pact on its paints unit. Bayer posts healthy rise in second-quarter profit
- Abstracts: PowerGen takes another stab at the business of distribution. Asian woes force Caspian to sell, close firm's units
- Abstracts: GEC posts 7% increase in pretax profit. GKN gets a lift from North America. Shares in Trafficmaster jump 24% on Mannesmann deal, profit leap