Elia Group : TenneT exploring IPO of its Germany TSO
>TenneT looking for new equity funding - TenneT, TSO in Netherlands and Germany, and 100% owned by the Dutch government, yesterday issued a press release indicating:Equity requirement: "TenneT's recently announced 10-year investment plan in both countries for the period 2024-2033 adds up to EUR 160 billion, which is expected to be funded primarily through debt but also requires equity."No agreement yet on potential sale TenneT Germany to German government. "...Elia System Operator develops, operates and maintains very-high-voltage (380 kV, 220 kV and 150 kV) and high-voltage (70 kV, 36 kV and 30 kV) networks, providing its customers with consultancy and engineering services. Whether in Belgium, Germany or elsewhere in Europe or the U.S., Co. ensures that electricity flows reliably from energy producers to distributors and large corporate customers. Co.'s main activities include transmission operator, system operator and market facilitator, developing and maintaining grid infrastructure, connecting electrical installations to grids, providing transparent access to grids, while taking initiatives to improve electricity market operations.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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