ATEL

Major Swiss power company.The company accounts for 13% of generation, 24% of grid transmission, 8% of distribution, and 45% of international traffic in electricity in Switzerland. Its customer base is of 100,000 with a generating capacity of 2,000 MW.

UBS acquired RWE's 20% stake in holding company Motor-Columbus in Apr 2004, adding to its existing 35% stake. EDF and RWE bought 20% stakes each in November 1996 (EDF indirectly through a FRF 1 billion acquisition in Motor Columbus - EDF AR97, P. 24).

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