Essent sells Belgian subsidiary to Luminus

Dutch energy supplier Essent and Belgian energy company Luminus entered into an agreement regarding the sale of Essent’s Belgian commodity supply business.

The parties have agreed not to disclose the purchase price.

The transaction is subject to the approval of the European Commission and is expected to close during Summer 2021. Essent is currently supplying more than 500,000 electricity and gas customers in Belgium.

Essent is a 100-percent subsidiary of E.ON, Luminus is a 68.6%-subsidiary of EdF, the remaining stake is held by municipalities and regional bodies. 

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