News 2003

The EIC Energy Utility Fund closed the month virtually unchanged at 26.82 EUR, outperforming the benchmark by 1%. Main contributors to performance were E.ON, Verbund and Fortum, while the U.S. gas utlities continued to perform well on the back of strong gas prices. Please refer to the PDF document b...

EIC has advanced additional SEK 28 million (approx. CHF 4.8 million) to its Swedish district heating operations through a combination of priority shareholder loans and collateralized working capital facilities. As a reflection of EIC's increased financial engagement and commitment to the long-term f...

Rising power prices are leading to increasing profits at Central European utilities. Power prices in Central Europe have risen by more than 170% since 1999 while share-price performance of the main utilities has been poor with a drop of 35% over the same period.

The extraordinary General Assembly of the investment company EIC Electricity SA (“EIC”) has accepted all proposals of the Board on November 7, 2003. As a result, the new Board consists of Daniel Sauter (Chair), Jean-Pierre Conrad, Dieter Dubs and Erhard Lee. Please refer to the PDF-Document below to...

The extraordinary shareholder's of EIC Electricity SA will take place on November 7, 2003 at 15.00 at the offices of EIC Partners AG, General Wille-Strasse 59, 8706 Feldmeilen. Please refer to the PDF documents below to view the agenda and obtain directions.

Please refer to the below report to view the monthly report of the EIC Energy Utility Fund of September.

Alpine Select through its financial advisor Julius Baer announced on 3.10.2003, that the company holds 52.75% of all EIC Electricity shares.