Announced
Completed
Financials
Tags
energy supply
Germany
Alternative Electricity
Acquisition
Friendly
Single Bidder
Minority
Public
Private Equity
Completed
Cross Border
Synopsis
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.
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