Electricite de France (EDF.FR) and the Italian shareholders that indirectly control a stake of Edison SpA (EDN.MI) are considering simplifying the shareholding structure of the Italian utility company, a person with knowledge of the situation said Tuesday.

A2A controls 51% of Delmi--an unlisted holding company that jointly owns Transalpina di Energia with EDF. Transalpina has a majority stake in Edison and EDF has a 50% stake in Transalpina

The same person said that Delmi and EDF are working on a reorganization of the shareholding structure of Edison that would dissolve the holding company, Transalpina d'Energia, that controls a majority stake of Edison .

After the dissolution of Transalpina d'Energia, EDF would take control around 50% stake of Edisonbut won't launch a takeover on the stake it doesn't control. Currently EDF has around a 19% stake in Edison .

As part of the same plan the companies are working on the break-up of Edipower assets, the company controlled by Edison as well as A2A (A2A.MI), Alpiq (ALPH.EB) and Italian utility Iren (IRE.MI). The person said that the Edipower assets break-up would reimburse EDF Italian partners and transform Edison into a more rational and efficient company.

Spokespeople at the companies couldn't immediately be reached for comment.

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