Asterion Industrial Partners to acquire STEAG from KSBG for €2.6bn.

Asterion Industrial Partners, a private equity firm, agreed to acquire STEAG, an energy utility company, from KSBG, a business conglomerate, for €2.6bn. "Our firm is fully committed to the energy and heat transition and STEAG is very well positioned to be a very relevant player in Germany and Europe in this process towards cleaner, more competitive and reliable energies such as solar and wind power, while offering an interesting energy mix that is also supported by coal and gas to guarantee the viability of this transition. With the experience of Asterion’s team in managing companies in green transformation, we are excited to work together to deliver on STEAG’s decarbonization plans and create new, green jobs," Jesús Olmos, Asterion Industrial Partners CEO.