Edison has agreed to sell its 50% stake in ELPEDISON BV to Helleniq Energy Holdings SA, marking the conclusion of a successful joint venture lasting over 15 years.

Information on the Target

Milano-based Edison has announced the completion of a sales agreement to transfer its 50% stake in ELPEDISON BV, a Dutch company that wholly owns the Greek company Elpedison SA (Elpedison), to Helleniq Energy Holdings SA. This strategic divestment signifies a significant shift for Edison as it has been involved in a 50/50 joint venture for over 15 years.

The decision to exit the partnership was made following a Term Sheet agreement between the two parties. The Board of Directors at Edison approved the transaction on December 6, 2024, marking the end of a successful collaborative operation that has spanned one and a half decades.

Industry Overview in Greece

The energy sector in Greece has undergone substantial transformations in recent years, driven by regulatory reforms and a shift towards more sustainable energy sources. Gre