One of the main shareholders of energy concern Nuon, the provincial government of Noord-Holland, has called on the state to buy a stake in the country’s second largest utility.
In a letter to the Volkskrant on Saturday, the provincial government said that such a move would guarantee the public interest when Nuon’s production and supply activities are taken over by a foreign company.
Nuon is currently considering bids from three foreign energy concerns.
The province of Noord-Holland says it is the only large shareholder which wants Nuon to remain in public ownership. But its 9% stake will not be enough to exert influence on the new owners, says the province. However with a combined stake of 25% in Nuon, the national and local government would have a say in the company.
‘The state has taken over Fortis and ABN Amro so why not take a stake in an essential company such as Nuon?’ asks Bart Heller who is responsible for environmental affairs in the provincial government.
‘The province of Noord-Holland believes it is important that the public retains a stake in Nuon to ensure security of supply and to stimulate and guarantee renewable power production,’ says Heller.
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