On Nov. 25, 2019, Eneco Groep N.V. announced that it had reached an agreement on an offer to sell 100% of its shares to a consortium led by Mitsubishi Corp. (A/Stable/A-1) in a transaction valued at €4.1 billion. We think N.V. Eneco Beheer (Eneco) could benefit from extraordinary support provided by Mitsubishi Corp. upon the closing of the transaction. We are placing our 'BBB+/A-2' long- and short-term issuer credit ratings on N.V. Eneco Beheer on CreditWatch with positive implications. We plan to resolve the CreditWatch placement after we assess the strategic integration of Eneco and Mitsubishi and the company's financial policy under its new ownership. Upon the closing of the transaction, the rating on Eneco will depend on its stand-alone
