Regulator Puts Conditions On Essent, Nuon Merger

Law360, New York (February 2, 2007, 12:00 AM EST) -- The Dutch competition authority has threatened to block a proposed merger between Dutch utilities Nuon and Essent if they do not sell off certain assets.

NMa said that regulatory approval for the planned merger would depend on how willing the two companies were to remedy the competition authority’s concerns.

Essent and Nuon, the two biggest power utilities in Holland, agreed to a merger on Thursday which would create a €24 billion ($31 million) company.

Essent will own 55% and Nuon will own 45% of the combined...
To view the full article, register now.