NUON & ESSENT WANT TO MERGE

[BIZ/INFRA: Brussels, February 9]
The two biggest players in the Dutch energy market, Nuon and Essent, think that a merger is the answer to the separation of the network companies. Various reliable sources confirm in the Dutch weekly Fem Business that both companies are looking into a merger. The two companies are also active in Flanders. The initiative, which was considered a couple of years ago, comes from the Nuon board and a plan is already on the drawing board. The third largest energy company in The Netherlands, Eneco, doesn’t want to take part.

The companies want to get together as a response to the proposed separation of the network companies to be carried out by the Dutch minister, Brinkhorst. This is the only way they think they can resist foreign takeover.
(Source: Fem Business)
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