Netherlands Said to Decide to Sell Stake in Tennet Germany

The Dutch government has decided to sell a stake in the German unit of state-owned grid operator Tennet Holding BV. The sale will be done through a private placement, according to people familiar with the matter. Tennet is a major player in the European energy market, operating high-voltage electricity transmission grids in the Netherlands and Germany. The decision to sell a stake in the German unit is part of the government's efforts to optimize its portfolio of state-owned assets. The sale is expected to attract interest from various investors, including infrastructure funds and utilities. The exact size of the stake to be sold and the timeline for the transaction have not been disclosed. The move is seen as a strategic decision by the Dutch government to potentially unlock the value of its Tennet assets and redirect resources to other priorities. The outcome of the sale could have implications for Tennet's operations and the broader European energy landscape.