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.

On December 14, 2017, EnBW Energie Baden-Wurttemberg receives approval from German antitrust watchdog to increase stake in MVV Energie.

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