Deals
Germany on Cusp of €22 Billion Deal for Dutch-Owned Tennet Grid
- Dutch and German governments have discussed deal for months
- Acquisition is part of German plans to consolidate power grids
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Germany is on the cusp of announcing a deal to buy its largest power grid from state-owned Dutch operator Tennet Holding BV for just over €22 billion ($23.6 billion), according to people familiar with the matter.
The government is in advanced talks on terms of the potential purchase and may announce an agreement as early as Friday, the people said, asking not to be identified because the information is private.