Primeo Energie, EOS Holding SA

(EOS) and Électricité de France (EDF) have entered into a share purchase

agreement relating to the purchase by Primeo Energie and EOS of the 25%

interest held by EDF in Alpiq Holding SA. The purchase by Primeo Eergie and EOS

will be financed through mandatory exchangeable loan agreements made by CSA

Energie-Infrastruktur Schweiz (CSA) as lender, the biggest investment pool for

Swiss energy infrastructure with 135 Swiss pension funds acting as investors.

At maturity the mandatory exchangeable loan agreements will be converted into

shares in Alpiq. Primeo Energie and EOS thereby pave the way for a Swiss

shareholder structure of Alpiq.

Bär & Karrer acted as legal

advisor to Primeo Energie and CSA Energie-Infrastructure Schweiz. The team was

led by Ralph Malacrida and included Thomas Stoltz, Dieter Dubs, Sandrine

Studer, Alexander von Jeinsen, Janine Wüst, Frédéric Mancosu, Charles Gschwind,

Grégory Pauli, Nina Sauerwein (all M&A and Corporate), Susanne Schreiber,

Cyrill Diefenbacher (both Tax) as well as Mani Reinert (Competition Law).