- Consortium takes over 74.9 percent of transmission systems operator
- Milestone in divestment programme
RWE AG completed the sale of a 74.9 percent share in transmission systems operator Amprion today. The sale had been announced in July. The buyer is a consortium of mainly German institutional financial investors consisting of insurance companies and special pension funds. It is managed by Commerz Real AG, a subsidiary of Commerzbank AG. Members of the consortium are companies belonging to Munich Re and ERGO, represented by MEAG, Swiss Life and Talanx as well as the Westfalen-Lippe and Brandenburg doctors’ pension funds.
RWE retains a 25.1 percent shareholding in Amprion and will also continue to hold an indirect share calculated at 10.8 percent via the consortium. Likewise, Commerz Real AG will retain the equivalent of a 13 percent shareholding in Amprion for an initial period. These shares, to be held only temporarily by RWE and Commerz Real, will be marketed in the short term by Commerz Real AG to further investors.
The Supervisory Board of RWE AG as well as the European Commission have approved the transaction. The sale of Amprion is a major step in the divestment programme announced by RWE.
About Commerz Real
Together with a group of institutional investors Commerz Real has assumed 74.9 percent of the participation in Amprion from RWE. The purchase took place through the legal form of a GmbH & Co. KG, which is customary for a closed fund. The investors and Commerz Real are participating in this company as limited partners. The general partner of the company is M31 Beteiligungsgesellschaft mbH.