trending Market Intelligence /marketintelligence/en/news-insights/trending/wrGSiTV0Ka_m-p5IAf2WHQ2 content esgSubNav
In This List

EnBW sells remaining 6% stake in EWE

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall

Blog

Insight Weekly: Challenges for European banks; Japan's IPO slowdown; carmakers' supply woes

Blog

Q4’21 US Power Forecast: Will high commodity prices accelerate the energy transition?


EnBW sells remaining 6% stake in EWE

EnBW Energie Baden-Württemberg AG completed the sale of its remaining 6% interest in EWE AG, according to a June 3 company news release.

The transaction is part of an asset swap deal the companies signed in October 2015. Under the deal, EnBW acquired EWE's 74.2% shareholding in VNG - Verbundnetz Gas AG for a total cash settlement amount of €125 million.

In return for the stake, EnBW divested itself of its 26% of the shares held in EWE. EWE-Verband, made up of the municipal shareholders of EWE, purchased 16% of this stock and EWE purchased 10%.

In 2016, EWE-Verband purchased a further 10% of EWE's stock from EnBW for a fixed price. In the latest transaction, EWE-Verband acquired the remaining 6% of EWE's stock from EnBW.

The restructuring of EWE's shareholdings is fully concluded, according to the release.