Since 1 January 2025, TenneT has been operating as two businesses, one in the Netherlands and one in Germany, under a one holding company, TenneT Holding, as part of the plan to bring in private investment into TenneT Germany.
On 2 January, TenneT announced that the negotiations with the German State, via KfW representing the German Federal government, were terminated after the Government of Germany informed the Dutch State that it could not deliver on the planned transaction due to budgetary challenges.
In March, Reuters reported that TenneT said it was still open for the German State to take a stake in TenneT Germany, and that the company was also considering stock exchange listing for the German TSO as an alternative to raise capital.
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