Renewable-energy company RWE has announced it is increasing its stake in investment company M31, which holds around three quarters of the shares in German transmission system operator Amprion, by 3 percent.
With the transaction, RWE’s total pro rata share in Amprion will increase to around 58 percent, making RWE the majority shareholder of Amprion.
Amprion has two shareholders: M31, a consortium consisting of RWE and German institutional financial investors, and RWE Alkaios, a joint venture between RWE and Apollo Global Management. M31 holds 74.9 percent of the shares in Amprion, and RWE Alkaios holds the remaining 25.1 percent.
With its extra-high-voltage grid, Amprion plays a central role in the German energy system and makes an important contribution to security of supply and to the success of the energy transition. RWE said Amprion’s regulated grid business complements RWE’s existing investment priorities in renewables, battery storage and flexible gen
