370:, an agribusiness tycoon, started buying into Montedison, and by 1987, he came to own 40% of the company's shares, thus taking over the company and forcing Schimberni to leave. Gardini wanted to reorganize and integrate the company into his sugar and fertilizer empire, but the debt burden he incurred during the takeover rapidly brought Montedison to the threshold of bankruptcy, forcing Gardini to seek state aid. In 1988, a new joint venture was formed with Eni, called Enimont, in which both companies had 40% of the shares, while 20% was sold on the market. In 1990, Eni bought all of Montedison's shares in Enimont, and Montedison withdrew from the chemical sector to pursue a role as an energy company.
46:
426:
55:
310:
the electric sector in Italy to break the oligopolistic power of the four dominant electric companies that comprised the market. With the compensation money it obtained from the state, Edison, then headed by
Giorgio Valerio, invested heavily to diversify its activities, primarily in the petrochemical
347:
proved disastrous for the company that was forced to seek state intervention to avoid bankruptcy; by the mid 1970s, the
Italian state came to own about 17% of Montedison, becoming its largest single shareholder, but its effective control was even greater as state-owned banks held shares. The company
405:, and other investors. Following the takeover, Montedison was reorganized by selling all its nonenergy assets. In 2002, Montedison was merged with Edison, Sondel, and Fiat Energia under the name of Edison SpA. In 2005, Transalpina di Energia, a consortium set up by Electricité de France and
436:
Edison is the second-largest power producer in Italy (about 15% of national output) and in Greece (about 12% of national output). It operates in Greece through subsidiary
Elpedison (50% interest, a joint venture between Edison and
982:
448:
Hydrocarbon operations include exploration, production, and distribution of natural gas and crude oil. As of 2010, Edison owned 80 hydrocarbons concessions and permits with hydrocarbons reserves of
1302:
273:
in 2012. Edison employs more than 5,000 people in Europe, North Africa, and the Middle East. The chairman of the board is Luc RĂ©mont (CEO of EDF) and the chief executive officer is Nicola Monti.
298:
for Italy and hiring some of his collaborators. Edison operated the Santa
Radegonda power plant, Europe's first power plant. In the following decades, Edison continued growing, especially in
294:'s inventions to Italy. Indeed, Colombo, an engineering professor, was a great admirer of Edison, whom he had met in the United States in 1881, securing an exclusive licence for some of
986:
381:
decree opened up the natural gas market, allowing Edison to begin supplying electricity to eligible customers and expanding its downstream presence in the natural gas sector.
433:
Edison's primary activities are production and distribution of electricity and natural gas. Edison and its subsidiaries operate across Europe, Africa, and the Middle East.
614:
On July 19, 2016, the company launched a whistleblowing platform available to its employees to collect information about wrongdoing and fight internal corruption.
1115:
1297:
1140:
1192:
355:, a consortium of banks and private companies, to free Montedison from government interference. Through a rigorous cost-cutting plan and joint ventures with
1240:
859:
1277:
389:
In 2001, a successful hostile bid to acquire
Montedison (that controlled Edison as a subsidiary) was launched by Italenergia SpA, a consortium set up by
1166:
315:
supermarkets chain, continuing producing power only for self-consumption. This strategy was unsuccessful, though, as competition with both state-owned
373:
In 1991, Montedison revived the name Edison to rebrand SELM, a spin-off company into which all its energy assets had been put in 1978. In 1999, the
1282:
1317:
1307:
902:
843:
363:, Schimberni transformed the money-losing manufacturer of commodity chemicals and plastics into a profitable, diversified holding company.
1312:
171:
1292:
942:
719:
669:
639:
327:, a large private chemical company, proved too hard, so in 1965, Edison was eventually forced to merge with Montecatini, forming
290:
in Milan, Italy, as "SocietĂ generale italiana di elettricitĂ sistema Edison", it served the purpose of introducing and applying
736:"Montedison S.p.A. - Company Profile, Information, Business Description, History, Background Information on Montedison S.p.A."
818:
793:
768:
694:
1103:
233:
1144:
1196:
442:
1247:
287:
377:
decree liberalized the
Italian energy market and reintroduced competition in the electric market, and later the
608:
394:
270:
1170:
1287:
761:
The crisis of the
Italian state : from the origins of the Cold War to the fall of Berlusconi and beyond
32:
24:
295:
339:
Montedison initially was doing well, dominating about 80% of the national chemical market and 15% of the
1058:
735:
324:
413:
of Edison from
Italenergia. In 2012, Electricité de France finally bought 99.5% of Edison's shares and
134:
123:
348:
became increasingly an arm of state social policy, and employment goals were favored over profits.
299:
28:
882:
908:
438:
374:
352:
340:
303:
20:
351:
In 1980, Mario
Schimberni became chairman and negotiated the sale of the state-owned shares to
938:
898:
839:
814:
811:
The
Challenge of organizational change : how companies experience it and leaders guide it
789:
786:
The Challenge of organizational change : how companies experience it and leaders guide it
764:
715:
690:
665:
414:
45:
961:
890:
262:
207:
344:
78:
1079:
228:
155:
68:
1104:
http://www.edison.it/financial_statement_2011/attachments/it/Bilancio_Annuale_2011.pdf
1271:
1036:
912:
410:
360:
316:
291:
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398:
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813:. New York: Free Press, a division of Simon & Schuster Inc. pp. 257–267.
302:, and came to control power distribution in most of northern Italy. In 1962, the
894:
307:
151:
1059:"Interconnection Turkey Greece Italy (ITGI) Pipeline - Hydrocarbons Technology"
1011:
328:
183:
883:"From Letta and Bersani Decrees to the Future Challenges. The Role of Edison"
836:
After the Three Italies: Wealth, Inequality and Industrial Change (Chapter 9)
788:. New York: Free Press, a division of Simon & Schuster Inc. p. 255.
660:
Freni, Giuseppe; Kurz, Heinz D.; Lavezzi, Mario; Signorino, Rodolfo (2016).
425:
1218:
139:
54:
19:
This article is about the Italian company. For the type of company, see
356:
312:
424:
266:
195:
110:
104:
390:
838:. Hoboken, New Jersey: Blackwell Publishing. pp. 245–281.
1167:"Archivi dei bilanci e delle relazioni infra-annuali – Edison"
983:"Fact sheet on Edison's activities in the hydrocarbons sector"
809:
Moss Kanter, Rosabeth; Stein, Barry A.; Jick, Todd D. (1992).
784:
Moss Kanter, Rosabeth; Stein, Barry A.; Jick, Todd D. (1992).
406:
320:
128:
860:"Montedison now set on more practical, less grandiose course"
862:. Independent Chemical Information Service. 7 July 1991
245:
27:. For the several unified New York City utilities, see
16:
Italian electric utility company headquartered in Milan
269:. The company was established in 1884 and acquired by
685:
Dyer, Frank Louis; Martin, Thomas Commerford (2001).
1303:
Non-renewable resource companies established in 1884
1116:"Edison: utile netto 2013 sale a 96 milioni di euro"
240:
227:
217:
205:
193:
181:
169:
161:
147:
117:
99:
84:
74:
64:
1006:
1004:
956:
954:
306:of Christian Democrats and Socialists decided to
689:. University Press of the Pacific. p. 283.
23:. For the company founded by Thomas Edison, see
331:, the largest chemical company in the country.
1219:"Announcement of the whistleblowing platform"
962:"Who'S Who Sutter'S International Red Series"
429:LNG Adriatic regassification terminal, Rovigo
8:
763:. New York: St. Martin's Press. p. 85.
38:
634:
632:
630:
628:
626:
44:
37:
607:The company's controlling shareholder is
937:. Oxford University Press. p. 170.
712:A History of Contemporary Italy: 1943-80
476:
441:). Together with DEPA, it develops the
1012:"Quote Not Found - Wall Street Journal"
834:Dunford, Michael; Greco, Lidia (2006).
622:
889:. link.springer.com. pp. 85–97.
714:. Penguin Books. pp. Chapter 8.
687:Edison : his life and inventions
7:
1298:Energy companies established in 1884
14:
1278:Electric power companies of Italy
1193:"Capitale e azionariato - Edison"
640:"Economic and financial figures"
304:centre-left coalition government
53:
664:. Routledge. pp. 406–407.
662:Economic theory and its history
385:As Edison S.p.A. (2002-present)
1283:Oil and gas companies of Italy
1241:"Policy Whistleblowing Edison"
887:The Italian Utilities Industry
417:it from Milan stock exchange.
59:Edison's headquarters in Milan
1:
1318:2012 mergers and acquisitions
1308:1884 establishments in Italy
739:www.referenceforbusiness.com
895:10.1007/978-3-030-37677-2_5
611:with 99.4% of the capital.
1334:
759:McCarthy, Patrick (1997).
335:Montedison era (1966-2001)
18:
409:, purchased 63.3% of the
311:sector and by buying the
282:Early history (1884-1966)
265:company headquartered in
52:
43:
1293:Companies based in Milan
1246:. Edison. Archived from
935:Life After Privatization
1080:"Hydrocarbons business"
710:Ginzburg, Paul (1990).
33:Edison (disambiguation)
25:Edison General Electric
881:Monti, Nicola (2020).
430:
31:. For other uses, see
1313:Électricité de France
609:Electricité de France
443:Greece–Italy pipeline
428:
395:Electricité de France
271:Electricité de France
234:Électricité de France
213:€6.141 billion (2018)
201:€6.557 billion (2018)
165:€9.159 billion (2018)
933:Raj, Chari (2015).
469: cu ft).
300:hydroelectric power
286:Founded in 1884 by
219:Number of employees
189:€199 million (2018)
177:€793 million (2018)
40:
29:Consolidated Edison
439:Hellenic Petroleum
431:
341:European Community
21:electrical utility
904:978-3-030-37676-5
845:978-1-405-12520-8
603:
602:
473:Financial results
256:
255:
135:Jean-Bernard LĂ©vy
1325:
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1252:
1245:
1237:
1231:
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1228:
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1215:
1209:
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1206:
1204:
1195:. Archived from
1189:
1183:
1182:
1180:
1178:
1169:. Archived from
1163:
1157:
1156:
1154:
1152:
1143:. Archived from
1137:
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1128:
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1046:
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1033:
1027:
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1024:
1022:
1008:
999:
998:
996:
994:
985:. Archived from
979:
973:
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968:
958:
949:
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919:
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682:
676:
675:
657:
651:
650:
648:
646:
636:
477:
465:
464:
455:
454:
343:market, but the
288:Giuseppe Colombo
263:electric utility
252:
249:
247:
210:
198:
172:Operating income
95:
93:
57:
48:
41:
1333:
1332:
1328:
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1322:
1268:
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1234:
1224:
1222:
1217:
1216:
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1200:
1191:
1190:
1186:
1176:
1174:
1173:on 4 March 2016
1165:
1164:
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1139:
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1002:
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981:
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976:
966:
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960:
959:
952:
945:
932:
931:
927:
917:
915:
905:
880:
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865:
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857:
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846:
833:
832:
828:
821:
808:
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796:
783:
782:
778:
771:
758:
757:
753:
743:
741:
734:
733:
729:
722:
709:
708:
704:
697:
684:
683:
679:
672:
659:
658:
654:
644:
642:
638:
637:
624:
620:
475:
462:
460:
452:
450:
423:
387:
345:1973 oil crisis
337:
284:
279:
244:
220:
206:
194:
186:
174:
154:
133:
120:
113:
107:
91:
89:
79:Energy industry
60:
36:
17:
12:
11:
5:
1331:
1329:
1321:
1320:
1315:
1310:
1305:
1300:
1295:
1290:
1288:Italian brands
1285:
1280:
1270:
1269:
1265:
1264:
1232:
1210:
1184:
1158:
1132:
1107:
1096:
1071:
1050:
1028:
1016:quotes.wsj.com
1000:
974:
950:
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903:
873:
851:
844:
826:
819:
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769:
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695:
677:
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621:
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582:
579:
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491:
486:
483:
474:
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422:
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386:
383:
336:
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283:
280:
278:
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261:is an Italian
254:
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199:
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159:
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156:Electric power
149:
145:
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124:Bruno Lescoeur
121:
118:
115:
114:
109:
103:
101:
97:
96:
86:
82:
81:
76:
72:
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50:
49:
15:
13:
10:
9:
6:
4:
3:
2:
1330:
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1309:
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1301:
1299:
1296:
1294:
1291:
1289:
1286:
1284:
1281:
1279:
1276:
1275:
1273:
1253:on 2016-08-11
1249:
1242:
1236:
1233:
1220:
1214:
1211:
1199:on 2014-04-24
1198:
1194:
1188:
1185:
1172:
1168:
1162:
1159:
1147:on 2016-03-24
1146:
1142:
1136:
1133:
1121:
1117:
1111:
1108:
1105:
1100:
1097:
1081:
1075:
1072:
1060:
1054:
1051:
1038:
1032:
1029:
1017:
1013:
1007:
1005:
1001:
989:on 2014-07-14
988:
984:
978:
975:
963:
957:
955:
951:
946:
944:9780199658312
940:
936:
929:
926:
914:
910:
906:
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896:
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888:
884:
877:
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861:
855:
852:
847:
841:
837:
830:
827:
822:
816:
812:
805:
802:
797:
791:
787:
780:
777:
772:
766:
762:
755:
752:
740:
737:
731:
728:
723:
721:9780141931678
717:
713:
706:
703:
698:
692:
688:
681:
678:
673:
671:9781138186590
667:
663:
656:
653:
641:
635:
633:
631:
629:
627:
623:
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612:
610:
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589:
586:
583:
580:
578:
575:
574:
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567:
564:
561:
558:
555:
552:
550:
547:
546:
542:
539:
536:
533:
530:
527:
524:
522:
521:Gross revenue
519:
518:
515:
512:
510:
507:
505:
502:
500:
497:
495:
492:
490:
487:
484:
482:
479:
478:
472:
470:
468:
459: m (1.86
458:
446:
444:
440:
434:
427:
420:
418:
416:
412:
411:common shares
408:
404:
400:
396:
392:
384:
382:
380:
376:
371:
369:
364:
362:
361:Hercules Inc.
358:
354:
349:
346:
342:
334:
332:
330:
326:
322:
318:
317:Enrico Mattei
314:
309:
305:
301:
297:
293:
292:Thomas Edison
289:
281:
276:
274:
272:
268:
264:
260:
259:Edison S.p.A.
251:
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235:
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106:
102:
98:
87:
83:
80:
77:
73:
70:
67:
63:
56:
51:
47:
42:
39:Edison S.p.A.
34:
30:
26:
22:
1255:. Retrieved
1248:the original
1235:
1223:. Retrieved
1213:
1201:. Retrieved
1197:the original
1187:
1175:. Retrieved
1171:the original
1161:
1149:. Retrieved
1145:the original
1141:"Highlights"
1135:
1123:. Retrieved
1119:
1110:
1099:
1087:. Retrieved
1074:
1062:. Retrieved
1053:
1041:. Retrieved
1037:"Who we are"
1031:
1019:. Retrieved
1015:
991:. Retrieved
987:the original
977:
965:. Retrieved
934:
928:
916:. Retrieved
886:
876:
864:. Retrieved
854:
835:
829:
810:
804:
785:
779:
760:
754:
742:. Retrieved
738:
730:
711:
705:
686:
680:
661:
655:
643:. Retrieved
613:
606:
604:
576:
548:
520:
513:
508:
503:
498:
493:
488:
481:In million €
480:
466:
456:
447:
435:
432:
403:Banca Intesa
399:Sanpaolo IMI
388:
372:
368:Raul Gardini
365:
350:
338:
285:
258:
257:
223:5,372 (2018)
208:Total equity
196:Total assets
137:
126:
100:Headquarters
65:Company type
1120:Firstonline
577:Net revenue
325:Montecatini
308:nationalize
296:his patents
152:Natural gas
1272:Categories
1203:25 October
1177:25 October
1151:25 October
1125:25 October
1064:25 October
1021:25 October
993:25 October
967:25 October
918:3 February
866:4 February
820:0743254465
795:0743254465
770:0312163592
744:25 October
696:0898756707
645:3 February
618:References
421:Operations
329:Montedison
184:Net income
119:Key people
913:214234584
445:project.
366:In 1985,
319:'s giant
1221:. Edison
1089:25 April
1085:. Edison
1043:25 April
1039:. Edison
415:delisted
148:Products
140:Chairman
75:Industry
1257:23 July
1225:23 July
543:10,064
375:Bersani
277:History
248:.edison
241:Website
236:(99.4%)
162:Revenue
90: (
85:Founded
941:
911:
901:
842:
817:
792:
767:
718:
693:
668:
571:1,643
549:EBITDA
537:10,446
534:12,097
531:12,014
528:12,335
525:12,325
357:Mitsui
353:Gemina
313:Standa
229:Parent
69:Public
1251:(PDF)
1244:(PDF)
1083:(PDF)
909:S2CID
568:1,471
565:1,369
562:1,003
559:1,103
556:1,009
540:8,867
379:Letta
267:Milan
111:Italy
105:Milan
1259:2016
1227:2016
1205:2017
1179:2017
1153:2017
1127:2017
1091:2013
1066:2017
1045:2013
1023:2017
995:2017
969:2017
939:ISBN
920:2020
899:ISBN
868:2020
840:ISBN
815:ISBN
790:ISBN
765:ISBN
746:2017
716:ISBN
691:ISBN
666:ISBN
647:2020
599:346
514:2008
509:2009
504:2010
499:2011
494:2012
489:2013
485:2014
449:52.8
391:Fiat
359:and
323:and
92:1884
88:1884
891:doi
596:240
590:871
553:814
407:A2A
321:Eni
250:.it
246:www
129:CEO
1274::
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907:.
897:.
885:.
625:^
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467:^
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35:.
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