Press release
Morges, 8 January 2016
The share purchasing agreement, signed on 8 January 2016, gives Romande Energie Holding SA an 8% interest in B-Valgrid SA, effective as at 1 January 2016. Consequently, Romande Energie will be entitled to one seat on B-Valgrid's Board of Directors. This director will be appointed at B-Valgrid's Annual General Meeting in the spring of 2016.
B-Valgrid SA operates the high-voltage supra-regional grid in the Lower Valais region. Since its founding in 2006, the company's policy has been that all regional electricity distributors connected to this grid should become shareholders.
This acquisition of a shareholding, announced today, marks a step in that direction. Romande Energie owns networks in the Lower Valais region through its subsidiary Bas- Valais Energie SA and also operates part of the region's high-voltage grid.
This shareholding demonstrates Romande Energie's desire to unlock operational and economic synergies with other power companies for the good of customers, who in turn benefit from lower costs and a reliable supply of electricity.
This press release is being issued outside the trading hours of the SIX Swiss Exchange as required by the SIX Listing Rules on ad hoc publicity.
Manon Chevallier Communications Manager
Direct phone : +41 21 802 95 73
Mobile : +41 79 596 45 80
E-mail : manon.chevallier@romande-energie.ch
Romande Energie Group is the leading electricity distributor in Western Switzerland. Through its subsidiary Romande Energie Commerce, it supplies more than 300,000 end-customers directly in approximately 300 municipalities in the cantons of Vaud, Valais, Fribourg and Geneva. Its core business lines are the generation, distribution and marketing of power together with energy services.
Priorities are liaising with customers to ensure high-quality services in line with expectations; guaranteeing a reliable, sustainable and competitive supply of energy; developing proprietary power generation through priority investments in renewable energy; and promoting innovative energy-efficiency solutions.
Romande Energie's corporate social responsibility policy systematically guides its approach to business.
For more information on Romande Energie Group, visit www.romande-energie.ch
Romande Energie Holding SA issued this content on 2016-01-08 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-08 16:51:19 UTC
Original Document: http://investor.romande-energie.ch/~/media/Files/R/Romande-Energie-IR/Attachments/press-release-english/pr-2016/pr-08012016-en.pdf