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Exclusive: Dutch energy firm Eneco's shareholders seek sale to rival - sources [Reuters]

ROYAL DUTCH SHELL (RDS.B)  More Company Research Source: Reuters
US:NYSE Investor Relations: shell.com/investors.html
PDF Exclusive: Dutch energy firm Eneco's shareholders seek sale to rival - sources | Reuters 4 Min Read LONDON/AMSTERDAM (Reuters) - The owners of Dutch energy firm Eneco oppose a stock market listing and instead want to pursue a private sale of the company to another industry player in coming months, according to two banking sources close to the matter. Eneco’s shareholders, 53 municipal governments, voted in October to privatize the company. They have not said whether they favored an IPO of part of the firm or an outright sale that would allow them to completely exit a business which was forced to split off its lucrative grid operations last year. The sources, who estimated Eneco was worth up to 4 billion euros ($4.9 billion), said the owners had decided on the latter option and wanted the sale process to be launched by the summer. An Eneco spokesman declined to comment on whether a decision had been made on how the company should be privatized, saying the firm’s management and sharehol [Read more]

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