Ardian Infrastructure has purchased 26 percent of the shares in EWE, one of Germany’s largest utility companies, for an undisclosed amount.
According to the companies, EWE and EWE-Verband, an alliance consisting of 21 cities and districts in northern Germany, had been gradually acquiring shares back from former partner EnBW since 2015, with plans to find a new investor.
“It was important to us that the new investor supports EWE’s strategic goals and helps us on our path of change and growth with opportunities from its investment portfolio,” said Stefan Dohler, CEO of EWE AG. “We want to play an active role in shaping the climate-friendly and digitalized future of energy and communications, and set positive standards based on a position of regional strength.”
He added, “With its entrepreneurial approach to this path, Ardian is the strong partner we have been looking for.”
Following the transaction, EWE-Verband will continue to hold a 74 per
