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Non-strategic participation: BKW sells its stake in Romande Energie
Bern (ots) - As part of the regular review of its shareholdings, BKW has decided to dispose of its stake in Romande Energie Holding S.A. It has therefore signed agreements with CSA Energy Infrastructure Switzerland and the city of Lausanne to sell its five per cent shareholding in the energy company based in the French-speaking part of Switzerland. Once the sale is completed, which is expected to be in the next few months, BKW will no longer be a shareholder of Romande Energie Holding S.A.
The planned sale of BKW's shareholding to CSA Energy Infrastructure Switzerland, an investment group of the Credit Suisse Investment Foundation exclusively for Swiss pension funds, and to the city of Lausanne, will be conducted in line with the legal and statutory restrictions and the articles of association.
The statements contained in this text constitute expectations and forward-looking statements. Because these statements are subject to risks and uncertainties, the actual future results may differ from those expressed or implied by the expectations and statements. This press release is issued in German, French, English and Italian. The German version is authoritative.
The BKW Group is an international energy and infrastructure company employing over 4,000 people and is headquartered in Bern. The diversity of the company's expertise allows it to offer its customers a full range of tailored services. The Group plans, builds and operates infrastructure to produce and supply energy to businesses, households and the public sector. The BKW Group offers a wide range of services, from building technologies, infrastructure engineering and digital business models for renewable energies to traditional multi-utility infrastructure services.
The registered shares of BKW AG are listed on the SIX Swiss Exchange and the BX Berne eXchange.
The Romande Energie Group is the most important power supply company in the French-speaking part of Switzerland. Via its company Romande Energie Commerce, it meets the electricity needs of over 300,000 end customers in just under 300 communes in the cantons of Vaud, Valais, Fribourg and Geneva. Its core activities include the production, distribution and marketing of energy and energy services.
CSA Energy Infrastructure Switzerland
CSA Energy Infrastructure Switzerland is an investment group of the Credit Suisse Investment Foundation ("CSA") that invests exclusively in Swiss energy infrastructure. It focuses on investment in the capital-intensive areas of existing energy infrastructure in Switzerland. It is also involved in new installation projects that have been granted the necessary authorisations. The investment group is geared exclusively towards Swiss pension funds. The investment manager of the CSA is Credit Suisse Energy Infrastructure Partners AG.
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