Background: Independent Financing Push
The stake sale marks a follow-up to TenneT Germany’s April move, when it secured a massive €12 billion revolving credit facility from BNP Paribas, Deutsche Bank, ING, and UniCredit.
Investors view the deal as both financially sound and mission-critical.
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APG CEO Ronald Wuijster called it a “relatively low-risk investment” ensuring steady long-term returns for Dutch pensions.
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Boon Chin Hau, GIC’s CIO for infrastructure, said the sovereign fund was confident Germany’s regulatory approach would foster “the next phase of TenneT Germany’s growth.”
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Harald von Heyden, NBIM’s global head of energy and infrastructure, underscored the fund’s commitment: “This investment demonstrates our dedication to financing the energy transition.”
Advisory Teams
TenneT was financially guided by ABN AMRO and Lazard, while the investor consortium turned to RBC Capital Markets. Counsel deal team details were not immediately disclosed.
