Norway’s Statkraft steps into the German retail energy market

03/10/2017 16:52 Energy

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Norway’s Statkraft has purchased a 50 percent stake in German energy retailer enQu.

 

The price of the deal has not been revealed yet

 

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Statkraft maintains that it is the first investment made by the company in the German energy retail market. 

 


Managing director of EnQu said that it has been a long time they are seeking a partner to further penetrate the market. 

 


He added as well that it is quite hard for a small company as EnQu to solely get at commercial clients and spur a quick development.

 

In collaboration with Statkraft, financial strength and sustainability will be added to enQu.
 

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