Negotiations between the federal government and Dutch According to the company, the operator of the Tennet network could not sell the German transmission network. On Thursday, Tennet announced that negotiations between Tennet Holding and KfW Development Bank on behalf of the Federal Republic of Germany regarding the full sale of Tennet Germany have ended without a result. The federal government has informed the Dutch state that it cannot implement the planned transaction due to budget problems.
The parent company Tennet is owned by the Dutch state
Tennet Holding is now looking to use the public or private capital markets to find a structured financing solution for its German operations. The federal government is ready to support such alternative solutions.
The parent company Tennet is owned by the Dutch state, but the cost of expanding the network in Germany has become too expensive for them. So the company announced its desire for the federal government to take over its German broadcast network in February 2023.
