Swedish energy company Vattenfall has made an all-cash offer of EUR8.5 billion for 100% of the shares of Dutch company Nuon's production and supply business. Nuon's grid company is not involved in the transaction.
Both companies have agreed that Vattenfall will acquire 49% of the shares initially and have operational control, and the remaining 51% will be acquired over the next six years.
The companies will continue to develop carbon capture and storage projects and offshore wind will remain a key
The week on Risk.net, July 14–20, 2017Receive this by email