Anglo-Dutch oil and gas group Shell is making preparations to bid for green energy firm Eneco whose owners, made up of 53 local councils, are divided about its future, the Telegraaf said on Friday.
At the same time, a dispute between the local authority shareholders and the company’s board is threatening to slow down the sale process, the paper said.
Shell has hired an unnamed US-based merchant bank to help it in a possible bid for Eneco, sources within the banking industry told the paper. But Shell itself reacted with a short and powerful ‘no comment’, the Telegraaf said.
Shell is not the only fossil fuel giant considering a bid for the Dutch green energy group. According to the paper, Shell’s French rival Total also contacted advisors this month about a possible bid.
A sale could raise about €3bn which would come in handy for the 53 local councils which currently own Eneco and 75% of them back a sale.
Nevertheless, 29 of the city councils involved – representing some 85% of the shares – have recently written to the aldermen in charge of the sale, saying they had lost confidence in Eneco’s supervisory board and demanding an extraordinary shareholders’ meeting.
Fossil fuels
Despite Shell’s poor ‘fossil fuel’ image, the company offers many advantages to Eneco board members and shareholders, the Telegraaf said. For example, the company could easily finance a takeover without having to borrow money and is unlikely to dismiss staff or close its headquarters unit.
Other potential buyers include investment company HAL, pension fund PGGM, Japan’s Mitsubishi, Austrian energy group Vebund, private equity group CVC and French energy giant Engie.
Read more at DutchNews.nl: ‘Shell is considering bidding for Dutch green energy group Eneco’ http://www.dutchnews.nl/news/archives/2018/01/shell-is-considering-bidding-for-dutch-green-energy-group-eneco/
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
