A Mitsubishi-led consortium completed the acquisition of Eneco, a producer and suppliers of natural gas, electricity and heat in the Netherlands, for $4.5bn. Eneco rejected bids made by Royal Dutch Shell and KKR-Rabobank consortium. “We are committed to fully endorse, strengthen and contribute to the further national and international development of Eneco's strategy. We have been partners with Eneco since 2012 and the consortium is committed as a long-term shareholder. We are looking forward to working together with all stakeholders of Eneco,” Takehiko Kakiuchi, Mitsubishi Chief Executive.