Edison to sell 7.4% stake in Rovigo LNG terminal and pipeline

Edison is selling its 7.3% stake in Italy’s Rovigo LNG terminal and the 70 km pipeline that connects it to the national grid
By Staff reporter 19 April 2017 0 25533

Edison is selling its 7.3% stake in Italy’s Rovigo LNG terminal and the 70 km pipeline that connects it to the national grid, according to financial sources quoted by La Repubblica on Tuesday.

The company may also be looking for a partner for its power plants, which together cover 7% of Italian electricity demand.

The plan is part of Edison Chief Executive Marc Benayoun’s strategy to return the company to profit after two years of losses and to invest more in renewables – especially wind energy –...

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