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A2A shareholder Alpiq sells 5 pct stake - source
March 1, 2012 / 9:11 AM / 6 years ago

A2A shareholder Alpiq sells 5 pct stake - source

MILAN, March 1 (Reuters) - Swiss utility Alpiq has sold its 5 percent stake in Italian utility A2A through an accelerated book building process, a source close to A2A said on Thursday.

“The sale was done to raise cash,” the source said.

According to market speculation, sale of the stake was done at a slight discount to market prices, traders say.

Reporting By Giancarlo Navach

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