25 Nov 19

Eneco sold to Mitsubishi and Chubu

Dutch energy company Eneco has been sold to Mitsubishi and Japanese energy company Chubu, for a total of 4.1 billion euros. The Japanese OEM gets 80% of the shares.

Today, Eneco is owned by 44 Dutch municipalities, which will see their investment a decent return. The Rotterdam-based company is to continue business as usual, with no lay-offs or revised labour conditions announced.  

With this deal, Mitsubishi wants to make Eneco the European centre for all of its energy-related activities. The Japanese consortium said it opted for Eneco for its sustainability. Eneco owns many wind mills in the Netherlands and Belgium, also offshore.  

Other candidates interested in buying Eneco were Shell and PGGM.

Picture copyright: Wikimedia Commons.

Authored by: Dieter Quartier