RWE Nears Amprion Stake Deal at €10 Billion Grid Valuation
Updated
Updated · Bloomberg · Jun 19
RWE Nears Amprion Stake Deal at €10 Billion Grid Valuation
2 articles · Updated · Bloomberg · Jun 19
Summary
Late-stage talks would let RWE raise its holding in Amprion by buying stakes from Swiss Life and a German pension fund, people familiar with the matter said.
A key piece of the deal is Swiss Life’s roughly 17% stake in M31, the holding company that owns 74.9% of Amprion.
The transaction would value Amprion at about €10 billion, underscoring investor appetite for regulated power-grid assets.
Amprion carries electricity to about 29 million people and industrial users across seven western German states, making the stake increase strategically important for RWE.