Rome utility ACEA SpA (ACE.MI) said late Wednesday it would issue a 10-year bond for EUR500 million.

The bond will be sold to institutional investors and traded on the Dublin and Luxembourg bourses, ACEA said after a board meeting.

The board also approved a mandate for the company's chairman and chief executive to work out a solution to its dispute with GdF Suez SA (GSZ.FR), which has a 10% stake in ACEA.

-By Christopher Emsden, Dow Jones Newswires; +39-06-6976-6921; chris.emsden@dowjones.com
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