Dutch utility Essent NV said Monday that a EUR9.3 billion takeover by German peer RWE AG (RWE.XE) is the "only right option" and of utmost importance to its shareholders, employees and clients.

In a statement, Essent said there is "no alternative" other than RWE, and warned that the Dutch utility will face an uncertain future if the deal turns sour.

Friday, RWE's plan to take over Essent suffered a setback after the council of Dutch province North Brabant, which owns just under 31% in Essent, recommended that its government shouldn't accept RWE's offer to fully acquire Essent.

-By Maarten van Tartwijk; Dow Jones Newswires; +31 20 571 5201; maarten.vantartwijk@dowjones.com
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