Alliander full-year figures 2010: strengthened financial position is a good basis for future investment.
Alliander has accepted tenders for an aggregate principal amount of €250 million of its outstanding notes due 2014 and 2016 in the cash tender offer announced on November 17, 2011.
The Offers are being made as part of the Company's balance sheet management and reduce repayments in 2014 and 2016. Furthermore, the transaction provides a degree of liquidity to those Noteholders whose Notes are accepted in the Offers.
Alliander shows good half year results. It increased its investment in grids and reduced power outages.
The network company Alliander consists of the business units Liander, Endinet and Liandon. Liander and Endinet manage gas and electricity networks in a large part of the Netherlands. Liandon designs and realises complex energy infrastructures.
Alliander was formerly known as n.v. Nuon and consisted of both a network company and a production and supply company. Due to the Independent Network Operation Act (WON), the company unbundled into an independent network company and an independent production and supply company. The legal unbundling took place on July 1, 2009.
Alliander’s financial policy is to obtain an adequate return for shareholders and protect the interests of bondholders and other lenders, while maintaining the flexibility to grow and invest in the business.
