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"Shell and Rabobank in the race for acquisition of Eneco"

2019-11-09T13:00:39.651Z

As the last two parties, Shell and Rabobank made a serious offer for the acquisition of energy company Eneco this week, De Telegraaf writes on Saturday. This puts the largest company in the Netherlands and the most important company in the Netherlands opposite each other.



As the last two parties, Shell and Rabobank made a serious offer for the acquisition of energy company Eneco this week, De Telegraaf writes on Saturday. This puts the largest company in the Netherlands and the most important company in the Netherlands opposite each other.

Eneco is still owned by 44 municipalities. The only remaining competitor of Rabobank and Shell in the race for the acquisition is Japan's Mitsubishi. That company does not have a serious chance, according to De Telegraaf .

The energy company has a value of around 3 billion euros. The winning bid must be known around Christmas, Het Financieele Dagblad wrote earlier.

Eneco is taken over from the municipalities through a controlled auction. The bids arrive at representatives and shareholders, and these parties then consult with the rank and file. All 44 municipal councils will have to vote on it.

With the acquisition, Shell wants to work on a new image: not that of an oil giant, but precisely that of a sustainable energy company. The company wants to halve the amount of CO2 in its products. For this acquisition, Shell is working with pension investor PGGM.

Source: nunl

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