TenneT, the Dutch state-owned grid operator, has agreed to divest 46% in its unit TenneT Germany to major institutional investors for up to $11.2 billion (9.5 billion euros), the company, whose sole shareholder is the Dutch state, said on Wednesday. With the deal, TenneT and the Dutch state secure the equity requirement for the expansion of TenneT Germany’s high-voltage grid, the operator said. The three large institutional investors are APG, investing on behalf of Dutch pension fund ABP, Singapore’s sovereign wealth…
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