AMSTERDAM, Nov 25 (Reuters) - Eneco, the Dutch energy
company owned by 44 cities, has agreed to be purchased by a
consortium led by Japan's Mitsubishi Corp in a deal
that values it at 4.1 billion euros ($4.52 billion), it said on
Monday.
Eneco said it had been swayed by Mitsubishi's plans to allow
the company to continue its strategic plans to invest heavily in
renewable energy.
Under the terms of the deal, Mitsubishi will own 80% of
Eneco and partner Chubu 20%.
The deal, which is backed by Eneco's boards, must still be
approved next year by Eneco's municipal shareholders.
($1 = 0.9073 euros)
(Reporting by Toby Sterling; Editing by Jan Harvey)