Berlin considers acquiring 25.1% minority stake in TenneT Germany

BERLIN (Reuters) -The German government is considering acquiring a 25.1% minority stake in TenneT Germany, an economy ministry spokesperson said on Wednesday.

“We see an opportunity to acquire a strategic minority stake in Germany’s largest TSO (transmission system operator), as we did with 50Hertz and TransnetBW, thereby making a fundamental contribution to needs-based grid expansion and a stable financing structure for TenneT Deutschland,” said the spokesperson in an emailed statement.

(Reporting by Holger Hansen, writing by Miranda Murray, editing by Thomas Seythal)

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