Rabobank forms consortium with KKR in sale of Eneco

Rabobank and KKR Infra have formed a consortium in relation to the sale of energy producer Eneco.

Rabobank, as a cooperative bank, is continually looking for opportunities in the market that enable it to provide its customers with even better service and to contribute to accelerating the energy transition. A collaboration with an organization such as Eneco that has a strong green profile fits very well with Rabobank’s ambition to serve as the primary banker of the energy transition and with our mission of growing a better world together. This transaction should accelerate the energy transition in the Netherlands.

Rabobank views this consortium as a natural partner for Eneco, especially given its local presence and networks and the direct contact with a large number of business and private customers. This provides a strong basis for offering joint and new customers existing and new products and services together with Eneco. As a result, both organizations will be able to help their customers even more effectively in the field of sustainability, such as making their homes more energy friendly. This will help to achieve the ambitious climate goals at an accelerated pace.

The consortium wishes to invest in a long-term partnership with Eneco and support Eneco in its further development as an independent Dutch company that plays a leading role in the energy transition and making the Netherlands and Europe more sustainable.

Published: 18 July 2019, 08:00 CET

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