News 2002

The investment company EIC Electricity SA was not unaffected by the overall bearish stock market during the first half-year. The Net Asset Value of the company was reduced until June 30 by 9% to CHF 76 per share.

Swiss Investment Company EIC Electricity SA ("EIC") informs that it has no contractual relationship with A&A Actienbank. Furthermore, EIC informs that it has no economic exposure to A&A Actienbank. EIC terminated its management agreement with A&A Electricity Management Ltd. end of last year.

Please refer to the PDF document below to view the article on investment companies published in Finanz und Wirtschaft on August 10, 2002.

In its March edition, the magazine Project Finance awarded Termobahia as “Latin American Private Power Deal of the Year 2001”. Termobahia is a joint venture of EIC, ABB and Petrobras.

EIC Electricity SA (SWX: EIC) and U.S. Energy Systems, Inc. (Nasdaq: USEY), a leading provider of customer-focused, clean and efficient energy solutions, today announced that subsidiaries of the two companies have formed a joint venture to invest in a newly formed Swedish district energy group that ...

At the Annual General Assembly held on March 8, 2002 the shareholders of EIC unanimously approved the proposed change of the name of the Company from “A&A EIC Electricity Investment Company SA” to “EIC Electricity SA”. Furthermore the Annual General Assembly unanimously elected Dr. Markus Ruffner as...

A&A EIC Electricity Investment Company SA, Geneva announces that it has substantially completed the restructuring of the company.