3 May 2021
Dutch energy supplier - Essent NV and Belgian energy company - Luminus entered into an agreement regarding the sale of Essent’s Belgian commodity supply business.
The two parties involved in the transaction - Essent NV and Luminus have agreed not to disclose the purchase price.
Sale of Essent’s Belgian commodity supply business
The transaction is subject to the approval of the European Commission (EC) and is expected to close during the Summer of 2021. Essent is currently supplying more than 500,000 electricity and gas customers in Belgium.
Essent is a 100-percent subsidiary of E.ON SE, Luminus is a 68.6%-subsidiary of EdF S.A., and the remaining stake is held by municipalities and regional bodies.