Essent takeover ‘includes nuclear plant’

Please read article, cited after the quote. Articles open in a new window.

The takeover of Holland’s biggest energy utility Essent by the German power giant RWE announced yesterday includes the Dutch firm’s 50% stake in the Netherlands’ only nuclear power plant, Borssele, reports Tuesday’s Financieele Dagblad.

Dutch economic affairs minister Maria van der Hoeven said in October that the possibility of Dutch nuclear energy facilities coming into foreign hands was ‘not an option’, the paper says. The remaining 50% of Borssele is owned by the Dutch utility Delta.

RWE is expected to invest ‘several billion euros’ in the Netherlands in the coming three years, reports the FD. Essent will continue to operate under its own name in Holland under a management team consisting of two RWE and two Essent executives.

http://www.dutchnews.nl/news/archives/2009/01/ready.php

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