Vattenfall to buy Nuon's production & supply business

Both companies have agreed that Vattenfall will acquire 49% of the shares initially and have operational control, with the remaining 51% will be acquired over the next six years.

"The partnership also enables us to further implement our strategy towards a leading position in the European energy market and enhance our position in gas," says Lars Josefsson, chief executive of Vattenfall. "The Benelux market is highly complementary to our existing European activities and our combined strengths make