Purchase price for Repower stake amounts to around CHF 171 million

Alpiq has sold its 24.6% stake in Repower in equal parts to the canton of Graubünden and Axpo for a total price of around CHF 171 million.

Following the successful closing of the Repower transaction, which was communicated on 2 April 2013, the parties to the agreement – Alpiq, Axpo and the canton of Graubünden – hereby jointly disclose the selling price.

Alpiq has sold its 24.6% interest in Repower in equal parts to the two other principal shareholders, the canton of Graubünden and Axpo, each of which has paid around CHF 85.6 million for its half of the stake. This corresponds to a selling price of CHF 250 per share sold.

This disposal is part of the divestments which Alpiq is making within the framework of its ongoing restructuring programme, with the aim of reducing net debt by around CHF 1.2 to 1.6 billion.