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Triple News: Vattenfall buys Nuon

måndag 23 februari 2009

Vattenfall buys Nuon

Vattenfall has bought Nuon for 8,5 billion euro (95 billion SEK). According to the press release however, Vattenfall didin't buy its sworn enemy (the companies weren't exactly pals) but it MERGED with Nuon. Sure, and KLM MERGED with Air France. The media were right to say "the pig ate the swan" about that "fusion".

Anyways, the Vattenfall-Nuon deal is lucrative. The new company will be market leader in Europe. Hollands second biggest electricity provider Essent has been on sale for quite some time. Experts say it will end up in German hands. Soon Holland will have no power over its..power.

I wonder if the tv-commercials will be the same as in Sweden. Tele2 launched its black sheep Frank simultaneously in both countries, which caused some confusion in my mind late at night. In which country was I at that moment? Ah, the next commercial mostly helped me remember.

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