February 23, 2009 / 11:56 AM / 11 years ago

FACTBOX: Five facts about Dutch utility Nuon

AMSTERDAM (Reuters) - Swedish energy group Vattenfall said on Monday it would buy the production and distribution arm of Dutch utility Nuon for 10.3 billion euros ($13.31 billion).

Following are five facts about Nuon and the Dutch utilities sector:

- Nuon, the Netherlands’ second-largest utility based on 2007 sales, had 6.15 billion euros in revenue and 765 million euros in net profit in 2008, and has more than 3 million customers in the Netherlands, Belgium and Germany.

- Nuon’s deal comes six weeks after Germany’s RWE (RWEG.DE) said it had agreed to buy the production and delivery assets of Nuon’s bigger rival Essent for 8.2 billion euros.

- Nuon and Essent both said last year they were looking for foreign partners, after they called off a 24 billion euro merger in 2007, saying conditions were not right.

- Unlisted Nuon, owned by Dutch municipalities and regional authorities, has split its production and delivery units from its network arm in response to a law requiring Dutch utilities to do so before 2011.

- Nuon plans to build a multi-fuel power plant at the Eemshaven seaport in northeastern Netherlands, but construction has been held up due to problems with permits after environmental groups opposed the project.

(Sources: Nuon, Essent)

($1=.7738 Euro)

Reporting by Catherine Hornby; editing by Karen Foster

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