Essent to have upper hand in Nuon merger

Essent will have 55% of the shares in the merged Essent/Nuon group, the Financieele Dagblad reported on Saturday. The paper said the two energy companies had reached agreement on the terms and conditions of their long-awaited merger and had sent a proposal to shareholders.

The shareholders – all regional and local government – are set to meet to discuss the plans next week.

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