Eneco shareholders: CEO should stay out of sale decision

The CEO of Dutch utility Eneco has been met with criticism from shareholders after he advocated a listing ahead of a divestment of the company.

Photo: PR Eneco

Shareholders in Dutch energy company Eneco are displeased with the CEO after he wrote a letter to shareholders pushing for the advantages of an IPO over a potential sale, reports Reuters.

Eneco, which is owned by 53 Dutch city councils, will be put up for sale. But it remains unknown whether that will be via an IPO or a divestment to a private investor.

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