Overview
- The Finance Ministry requested the Bundestag budget committee lift a spending block and free about €7.6 billion to buy 25.1% of TenneT Deutschland.
- The Economy Ministry reports negotiations with the company are concluded, removing the reason the funds were frozen in the 2026 federal budget.
- The government frames the investment as necessary to support transmission network build-out and protect a key operator.
- The stake would grant strong influence rights, including vetoes over the business plan and the appointment of top management.
- The acquisition would be financed through a KfW special-purpose vehicle, with ownership then comprising Germany 25.1%, the Netherlands 28.9% and three investors holding 46%.