First State Investments completed the acquisition of a 45.1% stake in MVV Energie from EnBW and RheinEnergie for $2.6bn.

First State Investments, a global asset management business, completed the acquisition of a 45.1% stake in MVV Energie, a Germany's energy company, from EnBW, an electric utility company, and RheinEnergie, a provider of utility services, for $2.6bn. "We have been impressed by the Company’s strong progress in the transition to renewable energy sources and by its excellent position along the entire energy value chain. As the Company’s second major shareholder, we will be committed to leverage our expertise in energy and infrastructure to the benefit of MVV, its customers and the communities it serves,” Niall Mills, First State Investments Partner.