Essent
Line
- Erwin van Laethem, CEO
- Rein Willems, Chairman of the Board
The Essent NV is the leading Dutch utility. The company is also active in Belgium. It maintains power plants, where it produces a large part of the electrical energy supplied to the customers themselves. Since 2009, Essent is part of the RWE Group, the district heating Essent Local Energy Solutions ( ELES ) was sold on 24 December 2013, the cooperative Dutch pension funds PGGM and the energy provider Dalkia.
History
Essent was created in 1999 from a merger between the PNEM / Mega Group and the EDON group, which has roots in the first two decades of the 20th century.
Products
The Essent NV supplies in the Netherlands around 2.5 million customers with electricity and / or gas. About 30% of Dutch households are customers of Essent. The company delivered 2007 30.298 GWh to its customers. Of this, 7% from nuclear energy; Essent is owned half co-owner of the only Dutch nuclear power plant in Borssele. At 17% wind and hydroelectric power are involved in the generation of electricity.
Group structure
In addition to their own operational activities, the Essent NV was involved as a holding company of the following subsidiaries:
- (up to 1 July 2009) Essent Netwerk BV ( 100%) - investment, maintenance and management of the transmission and distribution of electricity and gas
- ( to October 2009) swb AG, Bremen (51%) - Energy utilities in Bremen with sub-participations in other public utilities
The Essent NV to 1 October 2009 was wholly owned by the public sector. Around 74 % of the shares of the company were six provinces of the Netherlands ( North Brabant 30 %, 18% Overijssel, Limburg 16 %, other 10%) and the remaining 26 % of almost 140 Dutch municipalities in the north, east and south of the Netherlands held.
On 12 January 2009, the German energy group RWE said in a mandatory notice to the stock exchange to have agreed with Essent " about the conditions for a mandatory cash offer by RWE to the shareholders of Essent for the acquisition of all shares ." RWE seeks to acquire at least 80 % of the share capital of Essent. The company is not interested in a takeover of Essent's gas and electricity networks, as well as the waste management business.
On September 30, 2009, RWE announced the transaction to haben.RWE completed on that day wrote in the press release include:
" Essent 50 - % stake in EPZ - the joint venture, which operates the nuclear power plant Borssele - is currently not part of the transaction and will remain with the previous shareholders of Essent. To accept this share is still pending a final judicial clarification. The environmental division " Essent Milieu " is RWE not accept (This was spun off and now operates as Attero BV). Already on 30 June 2009, Essent had transferred the distribution business in the Netherlands to its shareholders.
The European Commission had the acquisition on 23 June 2009 approved and thereby adopt a pad set for the German market: Essent its 51 - Do not introduce % stake in Stadtwerke Bremen ( swb ) in the transaction. This proportion was sold to the EWE AG in Oldenburg, which now holds 100 percent stake in the company. Following the sale of the swb, the spin-off of the EPZ share and other value adjustments, the transaction volume amounts to around 7.3 billion euros. "
At the Borssele interest the Delta NV announced on 17 May 2011 with:
" DELTA, a utility company with public Shareholders, will become the Majority shareholder of the nuclear power plant in Borssele. This will safeguard did the safety of the nuclear power plant Will Remain in public hands.
This HAS BEEN the result of a large number of discussions in between the former Essent Shareholders, DELTA and the German energy company RWE, Which is written down in a letter of intent.
DELTA and the former Essent Shareholders will now be burying the hatchet legal Concerning the shares. This will preventDefault the impasse related to the distribution of shares within EPZ from continuing for many years to come. "