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Top related persons:
Lisi Niesner - 1 firming - 1 KfW - 1 Thomas Kusterer - 1 Christoph Steitz - 1 Jan Harvey - 1
Top related locs:
Werneuchen Germany TransnetBW Berlin
Top related orgs:
EnBW - 1 REUTERS - 1 Rights - 1 Thomson - 1

Search resuls for: "TransnetBW"


2 mentions found


☆ Germany buys stake in EnBW's high voltage grid for $1.1 bln
  + stars: | 2023-11-10 | by ( ) www.reuters.com   time to read: +1 min
Solar panels of Germany's largest solar park Weesow-Willmersdorf by energy supplier EnBW AG are seen during sunset in Werneuchen, Germany September 21, 2023. EnBW earlier this year already sold a 24.95% stake in TransnetBW to a savings banks-led consortium for around 1 billion euros ($1.1 billion). The group confirmed that KfW had bought its stake at the same conditions, without providing details. "We are delighted to welcome two long-term oriented and reliable co-investors on board at TransnetBW," EnBW finance chief Thomas Kusterer said in a statement. "This provides EnBW with additional funding for growth investments to accelerate the implementation of the energy transition in Germany."
Persons: Lisi Niesner, firming, KfW, Thomas Kusterer, Christoph Steitz, Jan Harvey Organizations: EnBW, REUTERS, Rights, Thomson Locations: Werneuchen, Germany, TransnetBW, Berlin
☆ KfW in advanced talks to take stake in EnBW's power grid -sources
  + stars: | 2023-02-08 | by ( Christoph Steitz Markus Wacket | Christoph Steitz | Markus Wacket | ) www.reuters.com   time to read: +2 min
Shares in EnBW rose 5.5% after the news to end the day at their highest level in five weeks. The savings banks in Baden-Wuerttemberg, where EnBW is based, are part of the final bidding round, their president Peter Schneider said last week. KfW, EnBW and CIP declined to comment. EnBW Chief Financial Officer Thomas Kusterer in November said EnBW hoped to conclude the sales process in early 2023. ($1 = 0.9297 euros)Reporting by Christoph Steitz and Markus Wacket Editing by Miranda Murray and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
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