TenneT Holding BV

06/20/2024 | Press release | Distributed by Public on 06/20/2024 00:34

TenneT and KfW terminate discussions on a full sale of TenneT Germany. TenneT prepares structural funding alternatives for its German operations.

This announcement comes after the Federal Government of Germany has informed the Dutch State that it cannot deliver on the planned transaction due to budgetary challenges. As previously announced, TenneT Holding prepares tapping into public or private capital markets for a structural funding solution for its German operations. The German Government is committed to support such alternative solutions. In the meantime, TenneT remains fully committed to executing its large investment plans in both countries, backed by the Dutch State which recently provided TenneT a EUR 25 billion shareholder loan for the years 2024 and 2025.