Edison SpA (EDN.MI) shareholder A2A SpA (A2A.MI) will hold a management board meeting at 1700 GMT Monday to examine the outlines of a deal giving Electricite de France SA (ADR.FR) control of Edison, Italy's second-largest utility, said a person familiar with the situation.

The broad outlines of the deal were agreed on last week, A2A said Friday in a statement. The Italian and French sides now need to work out several remaining details, the person said Monday, including an extension of the Oct. 31 deadline by one month to give both sides more time to wrap up the agreement.

EdF directly and indirectly owns 50% of Edison and hopes to increase its stake to 80%.

Last week's preliminary agreement calls for EdF to assume control of Edison in exchange for a cash payment, as well as cede some of its power generating assets to Edison's Italian shareholders.

Two questions that remain on the table are the possible right of Italian minority partners to hold a veto on certain strategic decisions in the future, and the possibility of an Italian chairman for Edison.

Those questions are likely to be examined by A2A's management board when it meets later Monday, said the person familiar with the situation.

-By Oscar Bodini, MF-Dow Jones, and Jennifer Clark, Dow Jones Newswires; 39 02 58 21 9904; jennifer.clark@dowjones.com

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