RWE Weighs Increasing Ownership in Amprion, Germany's Grid Operator
RWE's Potential Stake Increase in Amprion
Current Ownership Structure
May 28 (Reuters) - RWE, Germany's biggest power producer, is considering buying further shares in power network operator Amprion, a person familiar with the matter said.
RWE currently holds a 25.1% stake in Germany's second-biggest electricity grid through RWE Akjaios Holding, a joint venture with US private equity firm Apollo.
Possible Acquisition Details
Joint Venture's Role
The joint venture could buy the Amprion stake held by AEBG, which is backed by five pension funds led by AEVWL, the person said.
Stakeholder Communications
"We are in regular contact with Amprion's other shareholders, including the individual shareholders of M31, on a range of topics," a RWE spokesperson told Reuters, declining to comment on the content of the talks.
AEGB declined to comment on the news, which was first reported by Handelsblatt.
Amprion did not immediately respond to a request for comment.
Background and Market Context
Ownership Breakdown
AEBG holds a 16.5% in Amprion, Handelsblatt reported, citing people familiar with the matter, adding RWE had already signed a preliminary purchase agreement.
Potential Stake Sales
Sources told Reuters in February that Amprion's major owners were considering selling their stakes to new investors.
Reporting Credits
(Reporting by Linda Pasquini and Christoph SteitzEditing by Madeline Chambers and Sabine Wollrab)
