ECIFY Electricite de France SA featured news, full reports, and detailed charts
Electricite de France SA (ECIFY/ECIFY.PK) Wrap Up:
Electricité de France, an integrated energy company, engages in the generation, transmission, distribution, supply, and trading of energies in France and internationally. The company generates electricity using nuclear power, hydro power, conventional fossil-fired power, wind power, photovoltaic solar energy, biomass, and geothermal energy. It sells electricity to industry, local authorities, small businesses, and residential consumers. The company also offers energy services, including district heating and thermal energy services to industry and local authorities. As of December 31, 2008, Electricité de France had approximately 128.2 GWe of electricity generation capacity; and served 37.8 million customers. The company was founded in 1946 and is based in Paris, France.Electricite de France SA (ECIFY:OTC)
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Market Cap
105.1B
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Total Revenue
61.6B
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EBITDA
13.7B
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DILUTED EPS TTM
2.85
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P/E
12.7x
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P/S
1.1x
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Return On Asset
--
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Return On Equity
--
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ECIFY Top Compensated Officers
Executives, Board Directors
Key developments for Electricite de France SA (ECIFY)
A2A SpA might have hired Mediobanca S.p.A and Morgan Stanley to advise on talks with Electricité de France (EDF) over control of Edison SpA, according to two people familiar with the matter. The people, who asked not to be identified because the discussions are private, said that the investment bankers are pitching for a role as adviser to EDF. A2A wants to shift its investment “from a pure financial holding to an industrial one,” General Manager, Renato Ravanelli said in an interview in October. Giuliano Zuccoli, A2A’s Chairman told reporters that the firm will start talks with EDF at the beginning of 2010. He added that he is confident that “a solution will be found by next year” on running Edison. Bloomberg reported that an A2A spokesman declined to comment on the matter and an outside spokesman for Morgan Stanley in Milan did not have an immediate comment. It added that a spokeswoman at Mediobanca did not comment and Francois Molho, an EDF spokesman, declined to comment.
Henri Proglio, Chief of Electricité de France (EDF) said that EDF "could play a role" if Areva SA’s AREVA NP SAS opened up its capital. Analysts speculated that EDF may buy Siemens AG's 34% stake in AREVA NP. Siemens is currently in talks with Areva to sell the stake. Mr. Proglio added, “I am interested in having a strong Framatome, backed up by strong French and foreign players.” Les Echos reported that Areva and EDF declined to comment.
Cheung Kong Infrastructure Holdings Ltd. said on November 16, 2009 that it is interested in the acquisition of EDF Energy, which must be sold in the first quarter of 2010. Cheung Kong Infrastructure did not give any further details. Electricité de France had announced last month its intention to sell EDF Energy to reduce its debt.
ECIFY Competitors
| Company | Last | Change |
| E.On | €26.82 EUR | -0.18 |
| Enel | €4.19 EUR | -0.0775 |
| RWE | €62.12 EUR | -0.31 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ECIFY | Industry Range |
| Price/Earnings | 12.7x |
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| Price/Sales | 1.1x |
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| Price/Book | 2.5x |
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| Price/Cash Flow | 6.1x |
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| TEV/Sales | NM | Not Meaningful |
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ECIFY |
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ECIFY transactions
| Type Date |
Target |
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Merger/Acquisition
November 3, 2009 |
Hispaelec Energia S.A. |
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Merger/Acquisition
October 1, 2009 |
Société Nationale d'Électricité et de Thermique |
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Merger/Acquisition
August 7, 2009 |
MALCO |
More Recent News About Electricite de France SA
More news for ECIFY
Areva Has A Hold Over Siemens
From one nuclear marriage to another: German conglomerate Siemens said it would sell its 34.0% stake in Areva's nuclear power venture on Tuesday, and it's now widely expected to look for another partner to help find its own way in the industry. Although a tie-up between Siemens and Russia's Atomenergoprom is seen as the likeliest outcome, Siemens' old squeeze Areva need not quake in its boots just yet.French state-owned engineer Areva is lucky enough to be riding on the coat-tails of fellow countrymen like (other-otc: EDFEF - news - people ), the mighty utility that beat Warren Buffett in the race to acquire Constellation Energy and that also snapped up Britain's nuclear power operator last year. That means Areva already has a head-start in terms of future geographic expansion possibilities, along with other markets to the East where its nuclear equipment and engineering expertise are in demand."For Siemens to have a credible nuclear island by the time the first orders are drawn up will be somewhat too late," said Dieter Furniere, an analyst with Dexia. "I don't believe they will start constructing a reactor in the next five years."Shares of Siemens advanced by 2.4%, or 1.05 euros ($1.38), to 44.66 euros ($58.66), during late trading in Frankfurt, after the company beat expectations with its quarterly results and kept its targets for 2009. Areva, meanwhi...Click here to read the whole Article (external link)
Losing Siemens Will Not Hurt Areva
The official papers landed on the doormat Tuesday, finalizing the divorce of Siemens and Areva's nuclear power partnership. Siemens has agreed to sell its 34.0% stake in the nuclear unit, leaving state-owned engineering firm Areva without a heavyweight partner in the German market and without a buffer against the pressure of outside investors. In the long run, though, it is likely to be a turning point for Areva's shareholders since the potential for consolidation could bring a tidy premium their way.A lot depends on the terms of Siemens's exit, which were far from complete on Tuesday. The two companies need to agree on a price for the stake, which is estimated to be worth around 2 billion euros ($2.65 billion), and then decide whether (nyse: SI - news - people ) can wriggle out of certain thorny clauses in its contract. According to the shareholders' agreement, Siemens would not be able to compete in the nuclear sector until 2020, or eight years after its official exit from the Areva joint venture.Even if Siemens did end up competing against (other-otc: ARVCF - news - people ) before 2020, it would be a threat only in the German market. Besides, the benefits of freeing up Areva's shareholder base are many: the French government will likely float more shares of the company or try to orchestrate ...Click here to read the whole Article (external link)
U.S. Stocks Jump Off Morning Lows
Wall Street was on a seesaw Wednesday, as stocks slipped back into the red after a midday rally faded.The day had a rocky start after payroll company ADP reported the private sector shed 250,000 jobs in November and recruitment firm Challenger recorded 181,700 layoffs during the month. Meanwhile, the Institute for Supply Management's monthly reading on the services sector came in at 37.3, the lowest reading since the index debuted in 1997. (See "ADP Points Way Down On Payroll Figures.")Despite the shaky news on the economic front, stocks were showing gains until an afternoon dip pushed the major averages back underwater. The Dow was off 108 points, or 1.3%, to 8,311; the S&P 500 lost 11 points, or 1.3%, to 838l; and the Nasdaq fell 12 points, or 0.8%, to 1,438.Bond markets were equally in flux, as yields on Treasury securities whipsawed. After increasing earlier in the the two-year note yield was at 0.86%, down from 0.93% Tuesday, while the return on the 10-year note slipped to 2.67%, up from 2.70%.The automakers remain in focus, after Detroit's Big Three sent survival plans to lawmakers Tuesday that request up to $34.0 billion in bridge loans and credit lines. Of the three -- (nyse: GM - news - people ), (nyse: F - ...Click here to read the whole Article (external link)