The German government is in early deliberations to acquire a majority stake in TenneT’s German power grid operations after agreeing in principle to take a 25.1% stake, newspaper Boersen-Zeitung reported on Friday.
Citing sources familiar with the matter, the financial paper said that Berlin is considering building a consortium with financial investors such as Apollo, Blackstone or Brookfield.
The companies and the German economy ministry did not immediately respond to a request for comment.
The German government has also agreed in principle to buy a 25.1% stake in the grid company from its Dutch parent, Boersen-Zeitung quoted the sources as saying.
Reuters last month cited an economy ministry document as saying such a deal was nearing completion.
Berlin has been considering buying a 25.1% stake as part of a push to keep greater control over critical energy infrastructure and to arrange funding for massive investments needed for the transition to renewable energy.
Source: Reuters.com