TenneT Holding has reached an agreement with Kreditanstalt für Wiederaufbau (KfW), acting on behalf of the German government, on the sale of a 25.1% stake in TenneT Germany. TenneT Holding will retain at least 28.9% of the shares in TenneT Germany.
This gives TenneT Holding full participation in all important decisions. The synergy benefits of the collaboration between TenneT Netherlands and TenneT Germany will largely be retained, as both companies are jointly developing infrastructure that connects wind farms in the North Sea to the electricity grid in Europe.
Completion of the transaction, valued at approximately € 3.3 billion, is subject to customary conditions, including regulatory approval, and is expected to take place at the end of the first half of 2026.
This transaction follows up on the previously announced equity commitment of EUR 9.5 billion of the three large institutional investors APG, GIC and NBIM which together hold around 46 % of the shares.
