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Owners, Board of Dutch Energy Company Eneco Agree on Sale Conditions

Posted by February 16, 2018

Photo: Eneco

The municipal shareholders and supervisory board of Dutch energy company Eneco have reached an agreement on the conditions under which the company may be sold, according to a joint statement published on Friday.

Eneco's owners - a group of 53 cities with Rotterdam holding the largest stake - had been demanding a sale of the company, which is valued at around 4 billion euros ($5 billion), but its boards had sought an IPO or partial sale that would ensure its continuity as a renewables-oriented firm.

Reporting by Toby Sterling

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