‘Energy firms should be listed’

The Amsterdam stock exchange Euronext is trying to persuade local government shareholders to list energy concerns such as Essent, Nuon and Eneco, reports Thursday’s Financieele Dagblad.

Euronext chairman Joost van der Does de Willebois says local authorities are going for ‘a fast buck’ by only considering selling off their stake in the energy utilities to private equity firms or competitors.
The three biggest Dutch energy concerns have said that they are looking for a strategic partner in order to survive the increasingly competitive pan-European energy market.
Van der Does de Willebois is annoyed that the government committee which looked into future scenarios for the energy firms did not consider a stock exchange listing.
But the committee and bankers say a flotation would be ‘unrealistic’ in terms of the low return for shareholders, reports the FD.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation