euro adhoc: EIC Electricity SA
EIC sells its participation in Termobahia

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@


EIC Electricity SA (EIC) announces that it has entered into a formal sale and purchase agreement with Petrobras Brasileiro SA for EIC’s 2% interest in Termobahia Ltd, the Brazilian independent power generator. The agreement became effective on August 10, 2006 and the related payments were transferred to EIC on August 14, 2006. EIC was a shareholder in Termobahia since start of construction for a period of more than five years. Considering all related cash flows, EIC’s investment has yielded a compounded annualized return of almost 20% (in USD). The divestiture of Termobahia clears the way to undertake new investments consistent with the investment strategy which became effective on July 1, 2005 (

EIC is listed on the Swiss Exchange (SWX) and on the Frankfurt Securities Exchange (Bloomberg: EIC SW Equity /EIV GR Equity).

@@start.t2@@end of announcement                                                 euro adhoc 15.08.2006 17:50:00

ots Originaltext: EIC Electricity SA
Im Internet recherchierbar:

Further inquiry note:
For questions please contact Mr. Dominique Candrian (Phone: +41-43-844 10 02).

Branche: Electricity Production & Distribution
ISIN:      CH0007162958
WKN:        940179
Index:    Investment Index (IGSP)
Börsen:  Frankfurter Wertpapierbörse / official dealing
              SWX Swiss Exchange / official dealing

Weitere Meldungen: EEII AG

Das könnte Sie auch interessieren: