Motor-Columbus to be renamed Atel Holding - Alpiq
Motor-Columbus to be renamed Atel Holding - Alpiq
Motor-Columbus to be renamed Atel Holding - Alpiq
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Aare-Tessin Ltd. for ElectricityBahnhofquai 12, CH-4601 OltenMedia Release dated 7 Novem<strong>be</strong>r 2007By fax/e-mailExtraordinary General Meeting of <strong>Mo<strong>to</strong>r</strong>-<strong>Columbus</strong> Ltd votes forrestructuring<strong>Mo<strong>to</strong>r</strong>-<strong>Columbus</strong> <strong>to</strong> <strong>be</strong> <strong>renamed</strong> <strong>Atel</strong><strong>Holding</strong>At the Extraordinary General Meeting of <strong>Mo<strong>to</strong>r</strong>-<strong>Columbus</strong> Ltd (MC) held inBaden on 7 Novem<strong>be</strong>r 2007, shareholders voted in favour of all proposalssubmitted by the Board of Direc<strong>to</strong>rs. In so doing, MC shareholders have takenan important step <strong>to</strong>wards simplifying structures <strong>be</strong>tween MC and Aare-TessinLtd. for Electricity (<strong>Atel</strong>). This paves the way for the planned merger of <strong>Atel</strong> withthe operations and assets of EOS of Lausanne and possibly also the Swissassets of the EDF Group <strong>to</strong> create the leading Swiss energy company geared<strong>to</strong>wards Europe. The meeting was attended by 76 shareholders, representing96.75 percent of the share capital with voting rights.The Extraordinary General Meeting of <strong>Mo<strong>to</strong>r</strong>-<strong>Columbus</strong> Ltd was called in connectionwith the implementation of the industrial concept pursued by consortium mem<strong>be</strong>rs andby <strong>Atel</strong>. The aim is <strong>to</strong> simplify the shareholder structures of MC and <strong>Atel</strong> <strong>to</strong> preparethe ground for the merger with EOS and possibly also the Swiss assets of the EDFGroup, so as <strong>to</strong> produce the leading Swiss energy provider geared <strong>to</strong>wards Europe.<strong>Mo<strong>to</strong>r</strong>-<strong>Columbus</strong> shareholders approved all eight agenda items and the correspondingproposals by the Board of Direc<strong>to</strong>rs. In particular, they voted in favour of the followingchanges:• <strong>Mo<strong>to</strong>r</strong>-<strong>Columbus</strong> Ltd is <strong>to</strong> change its name <strong>to</strong> <strong>Atel</strong> <strong>Holding</strong> Ltd.• <strong>Atel</strong> <strong>Holding</strong> Ltd will move its registered office from Baden <strong>to</strong> Olten.• The statu<strong>to</strong>ry purpose of the company is <strong>to</strong> <strong>be</strong> adapted <strong>to</strong> that of <strong>Atel</strong>, and itsfunction changed <strong>to</strong> a holding company.• Bearer shares in <strong>Atel</strong> <strong>Holding</strong> Ltd with a par value of CHF 500 each will <strong>be</strong>converted <strong>to</strong> registered shares and split 1:25. In other words, one share with a parPage 1 of 3 Telefon +41 62 286 71 11Fax +41 62 286 73 73E-Mail info@atel.chInternet www.atel.eu
Aare-Tessin Ltd. for ElectricityBahnhofquai 12, CH-4601 Oltenvalue of CHF 500 will <strong>be</strong> split in<strong>to</strong> 25 new registered shares at a par value of CHF20 each.• The Articles of Incorporation of <strong>Atel</strong> <strong>Holding</strong> Ltd are <strong>to</strong> <strong>be</strong> <strong>to</strong>tally revised. Inprinciple, they will <strong>be</strong> adapted in line with those of <strong>Atel</strong> (with the exception of theexemption from the compulsory requirement <strong>to</strong> offer pursuant <strong>to</strong> SESTA - "Optingout").• The share capital is <strong>to</strong> <strong>be</strong> increased in order <strong>to</strong> create the shares required forimplementing the public swap offer by <strong>Atel</strong> <strong>Holding</strong> Ltd <strong>to</strong> <strong>Atel</strong> shareholders.• An authorised share capital will <strong>be</strong> created, again with a view <strong>to</strong> the plannedrestructuring of the <strong>Atel</strong> Group.Next stepsThese steps are required in order <strong>to</strong> conduct a complex transaction which, whencompleted, will create the leading Swiss energy company geared <strong>to</strong>wards Europe. Ina first step, <strong>Atel</strong> <strong>Holding</strong> Ltd (formerly MC) will submit a voluntary public swap offer <strong>to</strong><strong>Atel</strong> shareholders on 12 Novem<strong>be</strong>r 2007. This offer was already announced on 8Oc<strong>to</strong><strong>be</strong>r 2007. If not all of the <strong>Atel</strong> shares are exchanged during the public swap offerperiod, full control over <strong>Atel</strong> <strong>Holding</strong> will <strong>be</strong> achieved via its operating subsidiary <strong>Atel</strong>in a series of further steps (annulment procedure or squeeze-out merger). <strong>Atel</strong> shareswill then <strong>be</strong> delisted from the SWX Swiss Exchange, clearing the way for the merger<strong>be</strong>tween the <strong>Atel</strong> Group and the operations and assets of EOS <strong>Holding</strong>, and possiblyalso the Swiss assets of the EDF Group. This step is planned for the middle <strong>to</strong> end ofnext year, prior <strong>to</strong> which <strong>Atel</strong> <strong>Holding</strong> will <strong>be</strong> <strong>renamed</strong> and its head office moved <strong>to</strong>Neuchatel. The full industrial integration of <strong>Atel</strong> and EOS as well as possibly the Swissassets of the EDF Group is expected <strong>to</strong> take place at the <strong>be</strong>ginning of 2009.Management structuresAt its constitutive meeting, the Board of Direc<strong>to</strong>rs of <strong>Atel</strong> <strong>Holding</strong> Ltd confirmed Dr.Rainer Schaub as Chairman. The Board of Direc<strong>to</strong>rs will now have two ViceChairmen: Christian Wanner was appointed 1st Vice Chairman and Marc Boudier as2nd Vice Chairman. The existing <strong>Atel</strong> Executive Board was appointed as theExecutive Board of <strong>Atel</strong> <strong>Holding</strong> Ltd, and its composition remains unchanged:Giovanni Leonardi (CEO), Kurt Baumgartner (CFO, Financial Services), ReinholdFrank (Energy Northern/Eastern Europe), Her<strong>be</strong>rt Niklaus (Energy Switzerland andPage 2 of 3 Telefon +41 62 286 71 11Fax +41 62 286 73 73E-Mail info@atel.chInternet www.atel.eu
Aare-Tessin Ltd. for ElectricityBahnhofquai 12, CH-4601 OltenEnergy Services), Heinz Saner (Management Services) and An<strong>to</strong>nio M. Taormina(Energy Southern/Western Europe).Aare-Tessin Ltd. for Electricity<strong>Atel</strong> <strong>Holding</strong> Ltd(formerly <strong>Mo<strong>to</strong>r</strong>-<strong>Columbus</strong>)Information:Alain Moilliet, Secretary <strong>to</strong> the Board of Direc<strong>to</strong>rsTel: +41 62 286 71 11Andreas Meier, Corporate Communications, <strong>Atel</strong>Tel: +41 62 286 71 10 presse@atel.ch www.atel.eu<strong>Mo<strong>to</strong>r</strong>-<strong>Columbus</strong> Ltd, BadenAfter a long and colourful his<strong>to</strong>ry that started with the <strong>be</strong>ginnings of generalelectrification, <strong>Mo<strong>to</strong>r</strong>-<strong>Columbus</strong> Ltd <strong>be</strong>came a financial holding company around 10years ago with registered office in Baden (AG). In addition <strong>to</strong> several financial and realestate companies, the companies operating in the energy sec<strong>to</strong>r are incorporated inthe <strong>Atel</strong> Group (Aare-Tessin Ltd. for Electricity). <strong>Mo<strong>to</strong>r</strong>-<strong>Columbus</strong> Ltd holds 59.06 % of<strong>Atel</strong> shares.Aare-Tessin Ltd. for Electricity (<strong>Atel</strong>)Aare-Tessin Ltd for Electricity (<strong>Atel</strong>) is Switzerland's leading energy provider, activethroughout Europe. Founded in 1894, <strong>Atel</strong> focuses on the two core businesses ofproduction-based energy trading and energy services. The group of companies,domiciled in Olten, employs a staff of around 8700 and generated revenue of CHF11.3 billion in 2006. The main markets for the Energy segment are Switzerland, Italy,Germany and countries in Central and Eastern Europe. Products and services rangefrom portfolio management and group energy supplies <strong>to</strong> energy derivatives, optioncontracts and the establishment of distribution concepts based on partnerships.Trading and sales are supported by a num<strong>be</strong>r of proprietary hydraulic and thermalpower stations plus a broad-based transmission grid. With its Energy Servicessegment, <strong>Atel</strong> delivers all the technical services related <strong>to</strong> energy (electricity, gas, oil,and biomass) and its applications (power, light, cooling and heating, communicationsand security). <strong>Atel</strong> is among the leading providers of energy services in Switzerlandand Germany.Page 3 of 3 Telefon +41 62 286 71 11Fax +41 62 286 73 73E-Mail info@atel.chInternet www.atel.eu
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