S&PBULLETIN: EDF to Take Control of Edenor.Business Editors NEW YORK--(BUSINESS WIRE)--Standard & Poor's Feb. 26, 2001-- Corporate credit rating: BBB-/Negative/-- Standard & Poor's said today that the recent announcement of a preliminary agreement between Endesa ENDESA Empresa Nacional de Electricidad, S.A. (Spanish electric utility) Internacional S.A., a subsidiary of Endesa Spain; Astra CAPSA CAPSA Concerned Asian Pacific Students for Action , a subsidiary of Repsol-YPF S.A.; and EDF (algorithm) EDF - earliest deadline first. International, a subsidiary of Electricite de France (EDF), will not affect Empresa Distribuidora y Comercializadora Norte S.A.'s (EDENOR) current rating or negative outlook. The preliminary agreement states that EDF will take control of EDENOR through the acquisition of Endesa Internacional's and Astra CAPSA's respective direct and indirect ownership stakes in EDENOR. Edenor is the largest electric distribution company in Argentina in terms of customers served and sales volume. The company has had a 95-year exclusive concession since September 1992 to distribute electricity in the northwestern half of the greater Buenos Aires Greater Buenos Aires (Spanish: Gran Buenos Aires) is the metropolitan area of the city of Buenos Aires, Argentina, which consists of the Federal Capital and the following 24 partidos (administrative subdivisions) of the Province of Buenos Aires: |
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