Vattenfall has announced its intention to buy a Dutch electricity and gas company.
The acquisition is subject to approval from the Netherlands Authority for Consumers and Markets (ACM) and “positive advice” from DELTA’s works council.
Martijn Hagens, Senior Vice President and Head of Business Area Customers & Solutions at Vattenfall said: “With DELTA Energie, we are strengthening our position in the Netherlands and are expanding Vattenfall’s portfolio with a strong, green energy company that has a long history in Zeeland.
“We want to make it possible to live free from fossil fuels within one generation and can now include DELTA in our mission.”
The companies have agreed not to disclose the commercial terms of the agreement.