Eneco takes over budget energy firm Oxxio

Dutch local authority-owned energy company Eneco is taking over sector peer Oxxio from UK energy group Centrica for €72m.

Oxxio, which has 426,000 customers, will remain a separate unit within Eneco. The takeover still has to be approved by the competition authority.
Oxxio was put up for sale two years ago. Centrica bought the company in 2005 for €137m.

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