EDF Energy - Finance
EDF Energy - Finance
EDF Energy - Finance
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Networks sale<br />
• On 29 October 2010, <strong>EDF</strong> <strong>Energy</strong> completed the sale<br />
of its Distribution business to Cheung Kong Infrastructure (CKI)<br />
• Sale proceeds: £5.8bn (including debt of £2.6bn)<br />
• The proceeds represent a 27% premium to RAV (1)<br />
and an IRR of 11.2% since acquisition<br />
• Post sale, <strong>EDF</strong> <strong>Energy</strong> will not be impacted by IFRIC 18<br />
accounting as this was solely related to Customer Connections<br />
within Regulated Networks<br />
(1) Based on official RAV on regulated networks as at 31/03/2010