ROME (Dow Jones)--Edison SpA (EDN.MI) said Thursday it has sold seven thermoelectric power plants to Cofathec, owned by Gaz de France (120848.FR), for EUR226 million.
In a statement, Edison said the sale of the plants, which have a total installed capacity of 540 megawatts, would have a positive impact of around EUR220 million on its net financial position.
Edison expects the transaction to close in the first quarter of 2008, after being cleared by competition regulators.