EWE and EWE-Verband have entered into an agreement on the transfer of 26% of EWE AG’s shares to Ardian, the world-leading private investment house and long-term infrastructure investor.
Once the transaction has been completed, the partners will work together to accelerate EWE’s growth, investing particularly in the strategic areas of renewable energy, telecommunications, and networks. EWE and EWE-Verband had been gradually acquiring shares back from former partner EnBW since Autumn 2015 with plans to find a new investor.
The closing of the transaction is subject to the approval of the German Federal Cartel Office, which is expected in the first quarter of 2020. The companies are not disclosing the financial details of the transaction. Once the transaction has been completed, the following companies will hold a stake in EWE AG: EWE-Verband, with 74% (59% Weser-Ems-Energiebeteiligungen GmbH, 15% Energieverband Elbe-Weser Beteiligungsholding GmbH) and Ardian with 26%.
EWE is an innovative service provider active in the business areas of energy, telecommunications, and information technology. The company, based in Oldenburg, Lower Saxony, is primarily owned by the local government. It provides electricity to around 1.4 million customers in northwest Germany, Brandenburg, the island of Rügen and parts of Poland, and supplies natural gas to almost 0.8 million customers.
Public sector consultants GmbH (PD) in Germany has launched tender notice seeking Project management and technical consulting services for large building construction and infrastructure proj...
Read moreAllianz Global Investors (AllianzGI) has reached final close of the Allianz European Infrastructure Fund S.A. RAIF (AEIF) after only nine months. The demand from institutional investors across Europe...
Read moreThe government of Hesse in Germany has awarded the Mulheim and Kassel Riot police refurbishment contract to HOCHTIEF. The project works include refurbishing and modernizing of two police properties wi...
Read moreThe EQT Infrastructure II fund has completed the sale of Charleston Holding to KOS and the real estate associated with the operations of Charleston to Primovie, a healthcare and educational focused re...
Read moreDigital Realty and Interxion announced that they have entered into a definitive agreement to combine their businesses to create a leading global provider of data center, colocation, and interconnectio...
Read more