Electricite de France SA faces tough negotiations next
year with Italian utility Azienda Energetica Municipale SpA over the companies' joint control of Edison SpA, U.K.
newspaper the Financial Times reported Friday.
AEM might seek greater control over Edison's power
generation assets, or call for a shortening of its control chain,
before agreeing to renew the shareholders pact between AEM and EdF, the
newspaper reported citing sources close to the company.
EdF is reported to be firmly opposed to any changes to the
terms of control of Edison, which it suspects could be an attempt to
force it out of the Italian market.