Vattenfall to buy Nuon's production & supply business
Swedish energy company Vattenfall has made an all cash offer of €8.5 billion for 100% of the shares of Dutch company Nuon's production & 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, 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
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