AMSTERDAM (Reuters) - The Dutch government has decided to sell a minority stake in the German arm of power grid company TenneT to a group of investors, Dutch newspaper De Telegraaf reported on Friday,
Dutch Government to Sell Minority Stake in TenneT to Investors
Details of the TenneT Stake Sale
AMSTERDAM (Reuters) - The Dutch government has decided to sell a minority stake in the German arm of power grid company TenneT to a group of investors, Dutch newspaper De Telegraaf reported on Friday, citing sources close to the matter.
Government's Decision
Dutch Finance minister Eelco Heinen earlier on Friday said he had briefed parliament in confidence about his proposed solution for the capital needs of the grid operator's German business, without giving further detail.
Investor Group Involvement
A spokesperson for the Finance ministry declined to comment on the media report about the sale.
Future Plans for TenneT
The government had earlier said it would announce its plans for state-owned TenneT this month, deciding between the sale of a minority stake in the German arm or a partial IPO.
German newspaper Handlesblatt last month said a consortium of Norway's sovereign wealth fund and Dutch pension fund APG aimed to submit a bid by mid-September.
(Reporting by Bart Meijer, Edirting by Franklin Paul)
