News 2003

Fortum reported better than expected results: Higher volumes due to cold weather an high power prices due to low hydro production lead to an increase in operating profit by 45% to EUR 475 million. Please refer to the PDF document below to view the full April monthly report for EIC Electricity SA.

Gas Natural launched a bid for Iberdrola ("IBE"), offering IBE shareholders EUR 17/share in a combination of cash (40%) and Gas Natural shares (60%). Please refer to the PDF document to view the full March monthly report for EIC Electricity SA.

The General Assembly of the investment company EIC Electricity SA has accepted all proposals of the board. The principal implication is a comprehensive restructuring of the company. EIC Electricity SA will disburse CHF 51.85 per share in the form of shares in an open-ended investment fund. Please re...

Centrica reported excellent full-year results with EPS up by 26% due to the favorable market situation in the U.K. Scottish Power continued its recovery with 9 months profit increasing by 67%. Please refer to the PDF document to view the full February monthly report for EIC Electricity SA.

The Board of EIC Electricity proposes to the General Assembly of March 14, 2003 to reduce the share capital from CHF 80 to CHF 10 per share. An amount of CHF 51.85 per share shall be disbursed to the shareholders in the form of shares in an open-ended investment fund to be created. EIC’s entire list...

Please refer to the PDF document in order to view the presentation held by EIC on February 17, 2003.

The investment company EIC Electricity SA plans to bring in the part of its portfolio, which represents investments in listed companies into an open-ended investment fund, which is to be created. The listed part of the portfolio represents approximately three quarters of the total current portfolio....