Negotiations between TenneT Holding and KfW bank, representing the German government, regarding the sale of TenneT Deutschland have ceased, the companies announced today.
The discussions concluded after the German government cited budgetary constraints, informing the Dutch state that it could not proceed with the planned transaction, according to a statement from TenneT.
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In response, TenneT is now exploring structural financing alternatives for its German operations. The company had previously indicated its intention to seek financing solutions through public or private capital markets.
TenneT emphasized that it remains committed to its significant investment plans in both Germany and the Netherlands. The Dutch government has shown its support by granting TenneT a shareholder loan of €25 billion for the years 2024 and 2025.
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Despite the setback in the sale negotiations, TenneT expressed confidence in finding viable financing options to sustain its operations in Germany. The company is working closely with the German government, which has indicated its willingness to back alternative solutions for TenneT's financing needs in the country.
