MILAN (AFX) - AEM SpA said that Edison SpA's free float has reached 11.4 pct of the company's ordinary capital, above legal requirements to avoid Edison being delisted.
'The free float has been timely restored above the minimum level required by law,' AEM said in a statement late Friday.
Edison's free float was reduced last year after a takeover from AEM and Electricite de France. danilo.masoni@afxnews.com dm/ec COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited