Südwest Konsortium to acquire a 24.95% stake in TransnetBW from EnBW.

Südwest Konsortium, a business consortium, agreed to acquire a 24.95% stake in TransnetBW, an energy transmission system operator, from EnBW, an electric services company. Financial terms were not disclosed. “We are delighted to have found in Südwest Konsortium a reliable partner for TransnetBW with a long-term focus whose offer fully meets all of our predefined criteria. At the same time, this provides EnBW with additional funds for growth investments to accelerate the implementation of the energy transition and to further expand our overall portfolio," Thomas Kusterer, EnBW CFO.