Indication: An enclosure with the MC/Atel Shareholder Structure can
be downlaoded under:
Berne (ots) - BKW FMB Energy Ltd of Berne (BKW) has submitted
today to UBS AG of Zurich (UBS) an offer to purchase a substantial
stake of at least 30% in Motor-Colombus (MC). The offer ensures a
Swiss solution for MC and has been made with a view to securing the
future supply of electricity in Switzerland. In acquiring this stake
in MC, BKW will create the foundation for strengthening its
industrial cooperation with Aare-Tessin Ltd for Electricity of Olten
(Atel), which at present is controlled by MC. In the interests of
building a strong electricity group in Western and Northern
Switzerland, BKW is also prepared, in tandem with appropriate
consortium partners, to acquire the entire UBS stake of 55.6% in MC.
UBS holds a 55.6% stake in MC. In turn, MC holds a majority stake
(58.5%) in Atel. UBS has repeatedly expressed its intention of
finding a sustainable Swiss solution for the sale of its MC holding.
BKW's offer, coupled with the proposal to purchase the entire
package of shares with a consortium of partners, would meet the
requirements of UBS for a solution led by strong Swiss partners. The
intention is to cooperate with all interested parties, and Atel in
particular, to build up a strong electricity group in Western and
Northern Switzerland ahead of the liberalised electricity market.
BKW's offer reinforces its commitment to ensuring a secure,
cost-effective supply of electricity in Switzerland.
ots Originaltext: BKW FMB Energie AG
3000 Bern 25