Finance
EnBW rakes in $3.6 billion via capital increase
Published by Global Banking & Finance Review®
Posted on July 15, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 15, 2025
1 min readLast updated: January 22, 2026
EnBW raised $3.6 billion via a share sale to fund energy investments, selling shares at a 9% discount to enhance financial flexibility.
FRANKFURT (Reuters) -German utility EnBW on Tuesday said it had raked in 3.1 billion euros ($3.6 billion) in proceeds from a share sale aimed to bolster its ambitious investment programme in energy networks and renewables.
The company said it sold nearly 54 million shares at a price of 58 euros per share, a 9% discount to the current share price.
"The capital increase significantly increases our financial headroom," finance chief Thomas Kusterer said.
"Together with operating earnings, which is the most important pillar, participation models and debt funding, we are thus laying the basis for investments planned through the end of this decade."
($1 = 0.8562 euros)
(Reporting by Christoph Steitz, Editing by Friederike Heine)
EnBW raised 3.1 billion euros, equivalent to $3.6 billion, from the share sale.
The company sold nearly 54 million shares at a price of 58 euros per share, which was a 9% discount to the current share price.
Finance chief Thomas Kusterer stated that the capital increase significantly enhances their financial headroom for future investments.
EnBW plans to use the proceeds along with operating earnings and debt funding to lay the foundation for investments planned through the end of the decade.
The article mentions that $1 is equivalent to 0.8562 euros.
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