Eneco's privatization to conclude in 2020

Eneco’s privatization keeps advancing, they expect to conclude the transaction in 2020.

According to Eneco's first-half financial report, the company will announce a potential buyer around Christmas. The privatization process is in the binding offer phase now, after the completion of the pre-qualification and non-binding offer bidding phases.

Dutch oil and Royal Dutch Shell Plc, in partnership with PGGM, is the main candidate in the race for Eneco. Macquarie Group Ltd and Japan’s Mitsubishi Corp are also contestants.