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Mitsubishi beats Shell to Eneco acquisition
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Report summary
Mitsubishi, alongside consortium partner Chubu Electric Power, has announced it will acquire Dutch utility Eneco for €4.1bn (US$4.5bn). Three consortia had made it to the final stage of the process to acquire Eneco from a group of 53 Dutch municipalities. The competing bidders were oil and gas Major Shell, with pension fund PGGM, and private equity company KKR. Earlier in the process, Total, Enel, Macquarie and Engie were amongst the companies considering bids.
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