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30 October 2003 - Electricité de France's (EdF) chairman, Francois Roussely, said in an interview with Italian daily Il Giornale published on Wednesday that EdF did not aim to take full control of Italian power group Edison's parent company but to become a strategic partner.
State-owned EdF has faced opposition to its expansion into the Italian power market while it enjoys a degree of protection in its home market. EdF currently holds 18 per cent in Italenergia, the holding company which controls Edison, but could end up with 100 per cent in 2005 through a series of put and call options with other shareholders, including carmaker Fiat.
"We do not intend to buy a 100 per cent stake but would like to stay around 49-50 per cent together with Italian firms," Francois Roussely said in the interview. "Our objective is to play the part of a strategic partner. There is a need for clear responsibilities, for a shareholder that takes strategic decisions, and this should be EdF."
The head of the Italian parliament's industry commission, Bruno Tabacci, had said after meeting Roussely in Rome on Tuesday that EdF was ready to discuss the shareholder structure of Edison.
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