TITLE

RWE and Vattenfall go Dutch

AUTHOR(S)
Jones, Simon
PUB. DATE
June 2009
SOURCE
Utility Week;6/19/2009, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the agreement of the municipal shareholders in leading Dutch energy utilities Essent and Nuon to sell up to RWE and Vattenfall, respectively. The government of North Brabant approved the sale of its 30.8 per cent stake in Essent to RWE, which guarantees RWE a 92 per cent holding in the Dutch utility. Essent's strong presence in renewables is said to aid RWE in reducing its large carbon footprint before the next phase of emissions trading. Meanwhile, Nuon's leading shareholder Gelderland agreed to sell its stake to Vattenfall.
ACCESSION #
43182222

 

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