Börse Express – EnBW and RheinEnergie sell their shares in the energy supplier MVV

The energy supplier EnBW
and RheinEnergie sell their shares in
Mannheim MVV of 45.1 percent in funds of the
international asset manager First State Investments. The
The transaction was initiated with MVV and the city of Mannheim as
the majority shareholder was voted, the companies said
and the city on Thursday with. The sale still had to be made by the
competent supervisory and antitrust authorities.

The city of Mannheim still holds the majority of the 50.1 percent
MVV share capital. EnBW has been involved in the MVV since 2004, with
most recently 28.8 percent of the shares, RheinEnergie since 2007, with one
16.3 percent share.

EnBW CFO Thomas Kusterer welcomed the sale: “With First
State Investments has managed to find a buyer who
wants to stay with MVV in the long term, “he said
Business supports the implementation of its own growth strategy.
“Because with a view to the future, we want to further transform the EnBW portfolio
and expand. “

The CEO of RheinEnergie, Dieter Steinkamp,
also announced a realignment: “Our strategic
We will now focus even more on expanding our
energy cooperation in the Rhineland and ours
Renewable energies, the strengthening of our infrastructure as well as the
Establishing new business areas
MVV CEO Georg Müller was satisfied. It is
succeeded “a workable and for all involved
to find future-oriented solution. “/ gma / DP / he

 ISIN  DE0005220008  DE000A0H52F5

AXC0490 2020-04-02 / 20: 54

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