On 29 May 2013 Alpiq announced that it had signed an agreement to sell its stake in SES (60.89 %) to SES Holding SA (formerly PRH Holding SA). SES Holding SA (formerly PRH Holding SA) was founded by Azienda Elettrica Ticinese (AET) and the Ticino municipalities of Biasca, Gambarogno, Locarno, Losone, Minusio and Muralto for the purpose of purchasing the interest in SES.
Following the approval of the relevant antitrust authorities, the transaction was successfully completed on 9 July 2013.
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