Royal Dutch Shell and Dutch pension fund manager PGGM on Monday said they are investigating a joint offer for Dutch energy company Eneco .
The 53 municipalities that currently own Eneco, estimated by analysts to be worth about 3 billion euros ($3.4 billion), in December said they will sell the company through an auction later this year.
(Reuters, Reporting by Bart Meijer, editing by Louise Heavens)
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