Finance
TenneT launches potential sale of German grid operation
Published by Global Banking & Finance Review®
Posted on March 11, 2025
2 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 11, 2025
2 min readLast updated: January 24, 2026
TenneT is exploring a sale of its German operations to raise equity for a €200 billion investment, with a stock listing also considered.
By Alban Kacher
(Reuters) -TenneT, the largest grid operator in the Netherlands and Germany, on Tuesday invited parties interested in taking a stake in its German operations to come forward.
The parties were asked to contact its financial advisers by March 25, the group said in a statement.
TenneT is raising fresh equity to support an estimated 200 billion euro ($217.92 billion) investment programme through 2034 and has indicated it could sell all of its German operations.
The Netherlands-owned grid firm is also still considering a possible stock exchange listing of TenneT Germany as an alternative to raising capital, it said in the statement.
"No decision for any transaction form has been taken at this point in time and TenneT continues to simultaneously explore both options," a group representative told Reuters.
The door remains open for the German state to take a stake in TenneT, company executives said last Thursday, after talks for Berlin to buy the German operations from the Netherlands collapsed last year due to budget constraints.
The planned transaction between the German and Dutch governments would have valued the deal at around 20 billion-25 billion euros.
($1 = 0.9178 euros)
(Reporting by Alban Kacher, Editing by Bernadette Baum, Kirsten Donovan)
The main topic is TenneT's potential sale of its German grid operations to raise equity for future investments.
TenneT is selling to support a €200 billion investment program and is considering a stock exchange listing as an alternative.
The German state may still take a stake, although previous talks with Berlin collapsed due to budget constraints.
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