A majority of Eneco's shareholders approved the sale of the energy company to Japanese companies Mitsubishi and Chubu. Now that the municipality of Rotterdam has given the green light, the holders of 75 percent of the shares agreed and the 4.1 billion euro sale can continue, NU.nl reports.
Eneco is currently owned by 44 municipalities. Rotterdam is the largest shareholder with 31.69 percent of the shares. The Hague (16.55 percent), Dordrecht (9.05 percent), and 20 other municipalities with smaller interests already approved the sale.