by Elvira Pollina and Francesca Landini
MILAN (Reuters) – EDF has retained Intesa Sanpaolo and Lazard as financial advisers to examine strategic options for its Italian subsidiary Edison, two sources familiar with the matter told Reuters on Tuesday.
Under the leadership of its new president and CEO Bernard Fontana, the public group EDF has begun a review of its assets in order to raise funds to meet the government’s requirements for investments in new nuclear reactors.
According to sources previously interviewed by Reuters, EDF is considering an IPO, the arrival of a financial investor or the sale of a stake in Edison, one of them specifying that EDF would retain a majority in any operation.
Edison could be valued at between 7 billion and 10 billion euros ($8 billion to $12 billion), the sources added.
EDF did not wish to comment. Lazard, Intesa and Edison also declined to comment.
Italian daily Il Sole 24 Ore reported on Tuesday that Intesa and Lazard were in a good position to become EDF advisors.
In September, Edison’s managing director, Nicola Monti, declared that the Italian group was ready to list on the Milan Stock Exchange if its parent company decided to move forward with this project.
(Elvira Pollina and Francesca Landini in Milan; Nicolas Delame)
Copyright © 2025 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
