Oil and gas giant Shell and pension provider PGGM plan to jointly acquire energy company Eneco, the companies announced in a press statement. They plan to keep Eneco's green character, ANP reports.
Eneco is one of the three largest energy companies in the Netherlands, with approximately 2 million customers. A total of 53 municipalities are shareholders of Eneco. Rotterdam is the largest, followed by The Hague and Dordrecht with 16.55 percent and 9 percent of the shares respectively. Last year the municipalities decided they wanted to sell their shares.