News 2003

During the third quarter, EIC's Net Asset Value per share ("NAV") increased from CHF 16.19 to CHF 17.47 (+7.9%). This positive result is due to the increase in the fair value estimates of Ensys and Termobahia and the positive evolvement of the EGL, CVE and the EIC Energy Utility Fund holdings. These...

Please refer to the attached PDF files to view the fair value adjustments for the private equity investments of EIC Electricity SA at the end of the 3rd quarter.

On August 8, 2003 Alpine Select made a public offer for all bearer shares of EIC Electricity SA, Geneva. The initial offer price was CHF 12.87 per bearer share. On September 15, 2003 Alpine Select increased the price per bearer share to CHF 14.00. The following PDF document contains the response by ...

Please refer to the PDF document below to view the publication of the increased bid price for EIC Electricity SA by Alpine Select AG. The publication was printed in NZZ on September 15, 2003.

On August 8, 2003 Alpine Select AG, Zug made a public tender offer for all bearer shares of EIC Electricity SA, Geneva. This offer has been complemented with an addendum on August 28, 2003. The offer price is CHF 12.87 per bearer share. The following PDF document contains the complete response by th...

During the reporting period and on a proforma basis (i.e. deducting the distribution of CHF 51.85 retroactively), EIC's net asset value rose by 5.4%, despite a significant reduction in the fair value of Scandinavian Energy Finance Limited. Please refer to the below PDF link to view the full half-yea...

On August 8, 2003 the Swiss Investment Company Alpine Select formalized a take-over bid on EIC Electricity SA with an offer price of CHF 12.87. Please refer to the PDF link below to view the full press release.