The deal holds further options to acquire the Netherlands-based Borssele nuclear power station for approximately €1 billion. The two parties plan to implement a large-scale advertising campaign to publicise the merger.
Before the merger, changes in legislation meant Essent was forced to unbundle its transmission and distribution networks and a merger with its Dutch competitor Nuon was prohibited by the Netherlands Competition Authority (NMa). Essent was left with the only option of auctioning it
The week on Risk.net, December 2–8, 2017Receive this by email