Norway’s Statkraft steps into the German retail energy market

03/10/2017 16:52 Energy


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


The price of the deal has not been revealed yet


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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