Energy firms Essent and Nuon are reviewing their strategy following the failure of their proposed merger. ‘There is a new reality. In our analyse, a merger with Nuon was the best strategic option but there are other possibilities,’ said Essent financial director Rinse de Jong.
A Nuon spokesman said his company needs time to discuss a new strategy with its management, shareholders [local governments] and supervisory board.
Unlike Essent, Nuon’s shareholders are happy that the proposed merger has been called off.
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