2011

EGL exempted from certain disclosure obligations

Dietikon,  Петък, 2011, Ноември 4

In view of the planned delisting of EGL AG, SIX Swiss Exchange has exempted the company from certain disclosure obligations.

EGL Nordic expands into the Baltic region

Oslo,  Четвъртък, 2011, Октомври 6

EGL Nordic is expanding its trading and origination business into the Baltic region. The company has opened a branch in Estonia and with this step, EGL Nordic will develop the Estonian and Lithuanian electricity markets.

Andreas Rudolf leaves EGL

Dietikon,  Четвъртък, 2011, Септември 22

Andreas Rudolf has decided to pursue new professional challenges and will step down from his position as CFO and Head Finance & Operations, effective at the end of December 2011. Succession of Andreas Rudolf’s operational responsibilities will be defined in the course of Axpo’s project to adapt its group structure.

EGL sells shares in NorGer project

Dietikon,  Петък, 2011, Август 26

EGL no longer sees the prerequisites for a long-term, commercially attractive participation in the NorGer sea cable project between Norway and Germany as given. Therefore EGL has sold its 16.67-percent interest to the majority shareholder, the Norwegian transmission grid operator, Statnett.

EGL delivers first LNG cargo to Greece

Athens/Dietikon,  Четвъртък, 2011, Август 11

For the first time EGL has delivered an LNG (liquefied-natural-gas) cargo to Greece. The cargo was unloaded recently in two discharges at Greece's LNG terminal, located on the island of Revithoussa, west of Athens. EGL's first LNG delivery to the Greek natural gas market is a further step in expanding gas activities in South East Europe.

Swiss energy suppliers invest in wind power

Dietikon,  Вторник, 2011, Юли 5

Today, the five Swiss energy suppliers AET, EKS, EKZ, ewl and SN Energie, as well as the energy trader EGL founded the investment company, Terravent AG. The purpose of the company is to invest in wind farms in Europe. For the participating companies, the partnership offers more efficiency in project evaluations and better chances in the acquisition of plants.

Axpo Holding AG’s public tender offer

Dietikon,  Понеделник, 2011, Юни 27

Axpo Holding AG, which already holds 91 percent of EGL shares, is making a public tender offer to takeover the rest of the EGL AG bearer shares at a price of CHF 850 per share. This corresponds to a premium of 20.8 percent as compared to the volume-weighted average share price over the last 60 trading days before publication of the advanced notification on 20 June 2011.

Improved net profit, lower gross margin

Dietikon,  Понеделник, 2011, Юни 20

The EGL Group increased its net profit to CHF 47.7 million (+24%) in the first half-year 2010/11 as compared to the prior-year period. The main reasons are the cost reduction programme as well as the improved financial result. By contrast, the EGL Group achieved a significantly lower gross margin of CHF 252.2 million (-40%).

Online Half-Year Report 2010/11

Dietikon,  Понеделник, 2011, Юни 20

South Hook Gas and EGL sign UK gas agreement

Dietikon/London,  Петък, 2011, Май 27

South Hook Gas and EGL have signed a new framework agreement for access to spare LNG import capacity. This agreement will increase the amount of liquefied natural gas (LNG) that may be delivered into the United Kingdom, helping to meet the country’s energy needs and follows on from a similar deal signed by South Hook Gas last month with ConocoPhillips.

South Hook Gas and EGL sign UK gas agreement

Dietikon/London,  Петък, 2011, Май 27

South Hook Gas and EGL have signed a new framework agreement for access to spare LNG import capacity. This agreement will increase the amount of liquefied natural gas (LNG) that may be delivered into the United Kingdom, helping to meet the country’s energy needs and follows on from a similar deal signed by South Hook Gas last month with ConocoPhillips.

EGL and Demirören establish two joint ventures in Turkey

Dietikon/Ankara,  Понеделник, 2011, Април 25

The EGL Group and the Demirören Group have established two joint ventures in Turkey. The objective of the two reorganised companies is to expand presence in the Turkish electricity and natural gas markets. The two energy sectors offer highly attractive development opportunities.

EGL signs memorandum of understanding with Botas

Dietikon/Ankara,  Понеделник, 2011, Април 25

EGL signed a memorandum of understanding in Ankara with Botas, a Turkish state-owned enterprise with activities in the area of oil and natural gas transport, as well as gas trading. Among other things, the agreement sets down the framework conditions for the planned transport of natural gas through Turkey to Europe, as well as additional areas of cooperation.

Restructuring of Energy Trading in Dietikon

Dietikon,  Петък, 2011, Март 25

EGL is restructuring energy trading in Dietikon in order to adapt to changing market conditions in Central Europe. This will lead to the reduction of another nine staff positions. The other trading hubs in Europe are not affected by the reorganisation.

Unchanged dividends approved at the Annual General Meeting of Shareholders

Dietikon / Baden,  Понеделник, 2011, Януари 24

EGL AG shareholders approved the financial statement 2009/10 and voted in favour of a CHF 18.00 per share dividend at the 54th General Meeting. Two board members, Benedikt Weibel and Hansueli Sallenbach, did not run for re-election; all other board members were confirmed for a new term.

EGL and Direct Energie enter into partnership

Dietikon / Paris,  Понеделник, 2011, Януари 17

Representatives of EGL and the French Direct Energie signed a cooperation agreement in Paris today. The two strategic partners intend to bid jointly for hydropower concession renewals in France.