Eni has finalized the acquisition of 100% of the shares of the Belgian entities Nuon Belgium NV and Nuon Power Generation Walloon NV, marking a significant move in its strategy to strengthen its presence in the European gas and electricity sector.
The completion of these transactions, which were initiated based on a sale and purchase agreement with Nuon Energy, a subsidiary of Vattenfall AB, in July 2011, was contingent upon approval from the European Commission. This approval was obtained on December 7, 2011.
Established in 2002 following the deregulation of the Belgian energy market, Nuon Belgium NV operates within the national gas and electricity domain, catering to approximately 550,000 connection points, comprising households and businesses, and employing about 150 individuals. Nuon Belgium offers its clientele innovative energy products and services aimed at enhancing energy efficiency and sustainability. Furthermore, through its subsidiary Nuon Wind Belgium, Nuon Belgium boasts an installed renewable energy capacity of 4.5 MW.
The acquisition heralds positive outcomes for Belgian households and small to medium-sized enterprises, as Eni’s entry into the retail gas and electricity sector promises to fortify Nuon Belgium’s standing and expand its commercial offerings. Leveraging its extensive expertise gleaned from serving over 8 million customers across Europe, Eni is poised to elevate the quality and competitiveness of Nuon Belgium’s products and services.
Furthermore, Eni’s broad and diversified gas portfolio, sourced from various regions including Norway, Holland, Russia, Algeria, Libya, Qatar, Egypt, Oman, Nigeria, and the United Kingdom, ensures the provision of reliable and competitive gas supplies.
Eni has been an active participant in the Belgian energy landscape since 2008, following its acquisition of Distrigas, a leading natural gas provider serving retailers, power plants, and industrial clients.
