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Germany Drags Out Tennet Purchase

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Germany continues to drag out the purchase of a part of TSO Tennet after the chancellery took over the negotiation and the finance ministry delayed it, sources told Bloomberg.

  • The Germany economy ministry, led by Robert Habeck from the Greens, approved the acquisition last November and discontent that the issue is being dragged out, the sources said.
  • Germany has been negotiating since late 2022 on the purchase of the domestic business of Tennet. The government already holds minority stakes in TSOs 50Hertz and TransnetBW and plans to merge the grids and modernize them.
  • Outstanding issues include the push from Germany’s finance minister Christian Lidner, liberal Free Democrats, to include private investors in the issue and reduce the state’s stake to 25% as soon as possible, according to a senior government official.
  • Tennet on Thursday said it is exploring alternative structural solutions, including a sale to private investors or an IPO.
  • Germany’s economy ministry said it’s continuing to negotiate with the Dutch government on the purchase of Tennet Deutschland according to Bloomberg.
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Germany continues to drag out the purchase of a part of TSO Tennet after the chancellery took over the negotiation and the finance ministry delayed it, sources told Bloomberg.

  • The Germany economy ministry, led by Robert Habeck from the Greens, approved the acquisition last November and discontent that the issue is being dragged out, the sources said.
  • Germany has been negotiating since late 2022 on the purchase of the domestic business of Tennet. The government already holds minority stakes in TSOs 50Hertz and TransnetBW and plans to merge the grids and modernize them.
  • Outstanding issues include the push from Germany’s finance minister Christian Lidner, liberal Free Democrats, to include private investors in the issue and reduce the state’s stake to 25% as soon as possible, according to a senior government official.
  • Tennet on Thursday said it is exploring alternative structural solutions, including a sale to private investors or an IPO.
  • Germany’s economy ministry said it’s continuing to negotiate with the Dutch government on the purchase of Tennet Deutschland according to Bloomberg.