EnBW Energie Baden-Wurttemberg to Acquire Additional 6.28% Stake in MVV Energie from Engie

Published: Mar 16 2017
Deal Summary

EnBW Energie Baden-Wurttemberg AG, an energy utility company, has agreed to acquire additional 6.28% stake in MVV Energie AG, an energy utility company, from Engie S.A., an energy company. This financial investment is allocated under the cover fund of EnBW Energie Baden-Wurttemberg.

Earlier in 2004, EnBW Energie Baden-Wurttemberg initially acquired 15.05% stake in MVV Energie and further 7.4% stake in 2007.

Following the transaction, EnBW Energie Baden-Wurttemberg will hold approximately 28.73% stake in MVV Energie.

The transaction is subject to the approval of the Federal Cartel Office and foreign antitrust authorities with respect to the rules applicable to merger control.

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