Transaction year:
May  2007

Transaction type:
– Corporate Finance

Transaction sector:
– Cleantech, Energy & Sustainability

PWN, DZH (now “Dunea”) and Oases are three drinking water companies that provide large parts of North and South Holland with drinking water.

In 2007 Vondel Finance advised the managing boards of these drinking water companies strategically, financially and legally on the establishment of a joint letter of intent to merge. The signed letter of intent was submitted to the respective shareholders; municipalities and province. The province of North Holland, sole shareholder of PWN, eventually decided against the intention to vote.