Japan’s Mitsubishi wins bid to buy Dutch power firm Eneco

NETHERLANDS – Dutch energy company, Eneco has revealed that a group led by Japan’s Mitsubishi Corp are the winners of the bid to buy the company in a deal valuing the Dutch energy firm at 4.1 billion euros (US$4.52 billion). Eneco, a company owned by 44 Dutch municipalities and with a strong focus on renewable energy, said it had been swayed by Mitsubishi’s plans to allow the company to continue its strategy and retain its corporate identity. The deal, backed by Eneco’s boards and a committee representing shareholders, will be…

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