381:, 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.
57:
437:
66:
321:
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
358:
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
416:, 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
447:
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
993:
459:
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
284:
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.
309:
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
305:'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
997:
392:
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.
1313:
444:
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.
625:
On July 19, 2016, the company launched a whistleblowing platform available to its employees to collect information about wrongdoing and fight internal corruption.
1126:
1151:
1203:
366:, a consortium of banks and private companies, to free Montedison from government interference. Through a rigorous cost-cutting plan and joint ventures with
1251:
870:
400:
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
1177:
326:
supermarkets chain, continuing producing power only for self-consumption. This strategy was unsuccessful, though, as competition with both state-owned
384:
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
134:
1308:
374:, Schimberni transformed the money-losing manufacturer of commodity chemicals and plastics into a profitable, diversified holding company.
1288:
650:
1293:
338:, a large private chemical company, proved too hard, so in 1965, Edison was eventually forced to merge with Montecatini, forming
301:
in Milan, Italy, as "SocietĂ generale italiana di elettricitĂ sistema Edison", it served the purpose of introducing and applying
1328:
747:"Montedison S.p.A. - Company Profile, Information, Business Description, History, Background Information on Montedison S.p.A."
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decree liberalized the
Italian energy market and reintroduced competition in the electric market, and later the
829:
804:
779:
705:
1181:
17:
772:
The crisis of the
Italian state : from the origins of the Cold War to the fall of Berlusconi and beyond
350:
Montedison initially was doing well, dominating about 80% of the national chemical market and 15% of the
1069:
746:
424:
of Edison from
Italenergia. In 2012, Electricité de France finally bought 99.5% of Edison's shares and
244:
453:
359:
became increasingly an arm of state social policy, and employment goals were favored over profits.
893:
619:
405:
281:
1298:
43:
35:
362:
In 1980, Mario
Schimberni became chairman and negotiated the sale of the state-owned shares to
306:
822:
The
Challenge of organizational change : how companies experience it and leaders guide it
797:
The Challenge of organizational change : how companies experience it and leaders guide it
335:
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145:
8:
310:
39:
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http://www.edison.it/financial_statement_2011/attachments/it/Bilancio_Annuale_2011.pdf
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824:. New York: Free Press, a division of Simon & Schuster Inc. pp. 257–267.
355:
313:, and came to control power distribution in most of northern Italy. In 1962, the
89:
905:
1070:"Interconnection Turkey Greece Italy (ITGI) Pipeline - Hydrocarbons Technology"
239:
166:
79:
1022:
56:
1282:
894:"From Letta and Bersani Decrees to the Future Challenges. The Role of Edison"
847:
After the Three Italies: Wealth, Inequality and Industrial Change (Chapter 9)
799:. New York: Free Press, a division of Simon & Schuster Inc. p. 255.
421:
371:
327:
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Freni, Giuseppe; Kurz, Heinz D.; Lavezzi, Mario; Signorino, Rodolfo (2016).
413:
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162:
30:
This article is about the Italian company. For the type of company, see
339:
194:
150:
849:. Hoboken, New Jersey: Blackwell Publishing. pp. 245–281.
436:
367:
323:
1178:"Archivi dei bilanci e delle relazioni infra-annuali – Edison"
994:"Fact sheet on Edison's activities in the hydrocarbons sector"
820:
Moss Kanter, Rosabeth; Stein, Barry A.; Jick, Todd D. (1992).
795:
Moss Kanter, Rosabeth; Stein, Barry A.; Jick, Todd D. (1992).
65:
871:"Montedison now set on more practical, less grandiose course"
277:
206:
121:
115:
401:
670:
417:
331:
139:
873:. Independent Chemical Information Service. 7 July 1991
256:
38:. For the several unified New York City utilities, see
27:
Italian electric utility company headquartered in Milan
280:. The company was established in 1884 and acquired by
696:
Dyer, Frank Louis; Martin, Thomas Commerford (2001).
1314:
Non-renewable resource companies established in 1884
1127:"Edison: utile netto 2013 sale a 96 milioni di euro"
819:
794:
395:
1017:
1015:
967:
965:
317:of Christian Democrats and Socialists decided to
1280:
700:. University Press of the Pacific. p. 283.
34:. For the company founded by Thomas Edison, see
342:, the largest chemical company in the country.
1012:
962:
1230:"Announcement of the whistleblowing platform"
973:"Who'S Who Sutter'S International Red Series"
440:LNG Adriatic regassification terminal, Rovigo
345:
844:
774:. New York: St. Martin's Press. p. 85.
292:
645:
643:
641:
639:
637:
695:
55:
739:
618:The company's controlling shareholder is
948:. Oxford University Press. p. 170.
769:
723:A History of Contemporary Italy: 1943-80
720:
634:
452:). Together with DEPA, it develops the
435:
1023:"Quote Not Found - Wall Street Journal"
845:Dunford, Michael; Greco, Lidia (2006).
14:
1281:
900:. link.springer.com. pp. 85–97.
891:
725:. Penguin Books. pp. Chapter 8.
698:Edison : his life and inventions
1309:Energy companies established in 1884
483:
943:
24:
25:
1340:
1289:Electric power companies of Italy
1204:"Capitale e azionariato - Edison"
651:"Economic and financial figures"
315:centre-left coalition government
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675:. Routledge. pp. 406–407.
673:Economic theory and its history
396:As Edison S.p.A. (2002-present)
1294:Oil and gas companies of Italy
1252:"Policy Whistleblowing Edison"
898:The Italian Utilities Industry
838:
813:
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428:it from Milan stock exchange.
70:Edison's headquarters in Milan
13:
1:
1329:2012 mergers and acquisitions
628:
431:
1319:1884 establishments in Italy
750:www.referenceforbusiness.com
7:
906:10.1007/978-3-030-37677-2_5
622:with 99.4% of the capital.
10:
1345:
770:McCarthy, Patrick (1997).
346:Montedison era (1966-2001)
287:
29:
420:, purchased 63.3% of the
322:sector and by buying the
293:Early history (1884-1966)
276:company headquartered in
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1304:Companies based in Milan
1257:. Edison. Archived from
946:Life After Privatization
1091:"Hydrocarbons business"
721:Ginzburg, Paul (1990).
44:Edison (disambiguation)
36:Edison General Electric
892:Monti, Nicola (2020).
441:
42:. For other uses, see
1324:Électricité de France
620:Electricité de France
454:Greece–Italy pipeline
439:
406:Electricité de France
282:Electricité de France
245:Électricité de France
224:€6.141 billion (2018)
212:€6.557 billion (2018)
176:€9.159 billion (2018)
944:Raj, Chari (2015).
480: cu ft).
311:hydroelectric power
297:Founded in 1884 by
230:Number of employees
200:€199 million (2018)
188:€793 million (2018)
51:
40:Consolidated Edison
450:Hellenic Petroleum
442:
352:European Community
49:
32:electrical utility
915:978-3-030-37676-5
856:978-1-405-12520-8
614:
613:
484:Financial results
267:
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146:Jean-Bernard LĂ©vy
16:(Redirected from
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1200:
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1264:on 2016-08-11
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1210:on 2014-04-24
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1000:on 2014-07-14
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532:Gross revenue
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470: m (1.86
469:
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422:common shares
419:
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403:
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372:Hercules Inc.
369:
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353:
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341:
337:
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329:
328:Enrico Mattei
325:
320:
316:
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303:Thomas Edison
300:
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270:Edison S.p.A.
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50:Edison S.p.A.
45:
41:
37:
33:
19:
18:Edison S.p.A.
1266:. Retrieved
1259:the original
1246:
1234:. Retrieved
1224:
1212:. Retrieved
1208:the original
1198:
1186:. Retrieved
1182:the original
1172:
1160:. Retrieved
1156:the original
1152:"Highlights"
1146:
1134:. Retrieved
1130:
1121:
1110:
1098:. Retrieved
1085:
1073:. Retrieved
1064:
1052:. Retrieved
1048:"Who we are"
1042:
1030:. Retrieved
1026:
1002:. Retrieved
998:the original
988:
976:. Retrieved
945:
939:
927:. Retrieved
897:
887:
875:. Retrieved
865:
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840:
821:
815:
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790:
771:
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753:. Retrieved
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654:. Retrieved
624:
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559:
531:
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514:
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492:In million €
491:
477:
467:
458:
446:
443:
414:Banca Intesa
410:Sanpaolo IMI
399:
383:
379:Raul Gardini
376:
361:
349:
296:
269:
268:
234:5,372 (2018)
219:Total equity
207:Total assets
148:
137:
111:Headquarters
76:Company type
1131:Firstonline
588:Net revenue
336:Montecatini
319:nationalize
307:his patents
163:Natural gas
1283:Categories
1214:25 October
1188:25 October
1162:25 October
1136:25 October
1075:25 October
1032:25 October
1004:25 October
978:25 October
929:3 February
877:4 February
831:0743254465
806:0743254465
781:0312163592
755:25 October
707:0898756707
656:3 February
629:References
432:Operations
340:Montedison
195:Net income
130:Key people
924:214234584
456:project.
377:In 1985,
330:'s giant
1232:. Edison
1100:25 April
1096:. Edison
1054:25 April
1050:. Edison
426:delisted
159:Products
151:Chairman
86:Industry
1268:23 July
1236:23 July
554:10,064
386:Bersani
288:History
259:.edison
252:Website
247:(99.4%)
173:Revenue
101: (
96:Founded
952:
922:
912:
853:
828:
803:
778:
729:
704:
679:
582:1,643
560:EBITDA
548:10,446
545:12,097
542:12,014
539:12,335
536:12,325
368:Mitsui
364:Gemina
324:Standa
240:Parent
80:Public
1262:(PDF)
1255:(PDF)
1094:(PDF)
920:S2CID
579:1,471
576:1,369
573:1,003
570:1,103
567:1,009
551:8,867
390:Letta
278:Milan
122:Italy
116:Milan
1270:2016
1238:2016
1216:2017
1190:2017
1164:2017
1138:2017
1102:2013
1077:2017
1056:2013
1034:2017
1006:2017
980:2017
950:ISBN
931:2020
910:ISBN
879:2020
851:ISBN
826:ISBN
801:ISBN
776:ISBN
757:2017
727:ISBN
702:ISBN
677:ISBN
658:2020
610:346
525:2008
520:2009
515:2010
510:2011
505:2012
500:2013
496:2014
460:52.8
402:Fiat
370:and
334:and
103:1884
99:1884
902:doi
607:240
601:871
564:814
418:A2A
332:Eni
261:.it
257:www
140:CEO
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