Finance
Germany finalises deal on TenneT stake purchase, Politico reports
Published by Global Banking & Finance Review®
Posted on January 12, 2026
2 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 12, 2026
2 min readLast updated: January 20, 2026
Germany finalizes a €7.6 billion deal to acquire a stake in TenneT, supporting energy transition goals and enhancing control over critical infrastructure.
FRANKFURT, Jan 12 (Reuters) - The German government has finished negotiations on investing in the German division of Dutch power grid operator TenneT and wants to acquire a stake for about 7.6 billion euros ($8.9 billion), news outlet Politico reported on Monday.
Germany's finance ministry did not immediately reply to requests for comment.
TenneT told Reuters on Monday it was still in "constructive dialogue" with German state development bank KfW regarding a potential investment by Berlin in its German division.
"We will inform you once we have concluded this dialogue and the result thereof," said TenneT in an emailed statement.
Citing government budget documents, Politico reported that the deal includes 5.76 billion euros for the purchase of shares from TenneT as well as for a capital increase to fund grid upgrades, with the remainder to be given to KfW, which is managing the transaction, in the form of guarantees.
Berlin has been considering buying a 25.1% stake in TenneT's German unit, the country's largest high-voltage grid operator, to help fund investments needed for the energy transition and keep greater control over critical energy infrastructure assets.
The German government has set aside 5.8 billion euros for the purchase as well as further payment obligations, according to an economy ministry letter seen by Reuters in November.
Berlin already holds minority stakes in two other major high-voltage power grid firms, TransnetBW and 50Hertz.
The Dutch government, TenneT's parent, in September agreed to sell a 46% stake in its German unit to an investor consortium following a failed attempt to sell it to Berlin last year under the previous government.
TenneT operates infrastructure needed to connect renewable generation to consumers and industry, giving it a strategic role in Europe's energy transition.
($1 = 0.8557 euros)
(Reporting by Ludwig Burger, Matthias Inverardi, Friederike Heine and Linda PasquiniEditing by Miranda Murray and Barbara Lewis)
TenneT is a Dutch power grid operator that manages the high-voltage electricity transmission network in the Netherlands and parts of Germany, playing a key role in the energy transition.
A stake purchase refers to the acquisition of a percentage of ownership in a company, allowing the buyer to have a say in its operations and decisions.
Infrastructure financing involves funding for large-scale public works projects, such as transportation systems and energy facilities, which are essential for economic development.
A capital increase is a method used by companies to raise additional funds by issuing new shares, often used to finance growth or investments.
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