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Share Name Share Symbol Market Type Share ISIN Share Description
Royal Dutch Shell B LSE:RDSB London Ordinary Share GB00B03MM408 'B' ORD EUR0.07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.00p -0.26% 2,275.00p 2,274.50p 2,275.00p 2,284.00p 2,254.50p 2,282.00p 1,636,234 12:05:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 225,948.9 13,423.1 117.0 18.8 85,209.82

Royal Dutch Shell and PGGM Exploring Joint Bid for Eneco

14/01/2019 3:30pm

Dow Jones News


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   By Nathan Allen 
 

Royal Dutch Shell PLC (RDSB.LN) and Dutch pension fund PGGM said Monday that they are exploring a potential joint acquisition of sustainable-energy provider Eneco.

Eneco, which is owned by several municipalities, is currently up for sale via an auction.

Shell and PGGM said the discussions are at an early stage and that it is up to Eneco's shareholders to determine the next steps in the sale process.

Neither company mentioned a potential deal value.

Shell wants to invest more in renewable energy opportunities, while PGGM wants to boost its sustainable investment portfolio, the companies said.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

January 14, 2019 10:15 ET (15:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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