Vattenfall set to buy Nuon stake: Telegraaf

Swedish state-owned power giant Vattenfall is to take a ‘large stake’ in the Netherlands’ second biggest energy group Nuon, the Telegraaf said on Monday quoting ‘various sources’.

The paper says the deal is likely to be made public today (Monday).
Italy’s ENI and Denmark’s Dong were also reported to be in the running for Nuon, which Dutch analysts have valued at €7bn. Nuon is owned by Dutch regional and local councils.
Vattenfall is one of Europe’s biggest energy firms and is active in Sweden, Denmark, Finland, Germany, Poland and the UK, the paper says. It only has limited activities in the Netherlands.
The Netherlands’ biggest power company Essent has received a €9bn takeover bid from Germany’s RWE.

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