US EditionDutch government sells 46% stake in TenneT’s German unit for €9.5 billion
23 Articles
23 Articles
Three investors invest 9.5 billion euros in Tennet Germany and take over 46 percent of the shares. The Dutch state remains the main shareholder. Germany shows interest in a minority shareholding.
The Netherlands to Sell 46% in Grid Operator for $11.2 Billion
TenneT, the Dutch state-owned grid operator, has agreed to divest 46% in its unit TenneT Germany to major institutional investors for up to $11.2 billion (9.5 billion euros), the company, whose sole shareholder is the Dutch state, said on Wednesday. With the deal, TenneT and the Dutch state secure the equity requirement for the expansion of TenneT Germany’s high-voltage grid, the operator said. The three large institutional investors are APG,…
Tennet is the largest operator of "electricity highways" in Germany - the large high-voltage lines across the Republic. To date, it has belonged to the Netherlands. More investors are now participating.[more]]>
Three private investors are buying a large portion of Tennet Germany from the Dutch government. Minister Heinen is relieved: the matter has been ongoing for years, and the acquisition will save the Netherlands billions.
Dutch government sells 46% of TenneT Germany to investors for $11.3 billion
The Dutch government is selling 46% of power grid operator TenneT's German unit to a consortium of investors for up to 9.5 billion euros ($11.3 billion), it said on Wednesday, kicking off the separation from a business it has been trying to divest for years.
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