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Investing.com -- German Chancellor Friedrich Merz said Monday the government has not yet decided whether to take a stake in the German division of Dutch power grid operator TenneT, with discussions still ongoing with the Netherlands.
The Netherlands announced last month it would reveal in September if it would sell a minority stake in TenneT Germany or pursue a partial IPO, potentially becoming one of Europe’s largest deals in 2025.
The Dutch government began exploring two options for TenneT Germany after a planned partial sale to German state lender KfW failed to materialize in June last year.
"The discussion within the federal government is currently ongoing and has not yet been concluded," Merz said during a joint news conference with Norwegian Prime Minister Jonas Gahr Store.
German newspaper Handelsblatt reported earlier this month that Norway’s sovereign wealth fund is considering a multi-billion dollar investment in TenneT Germany, citing people familiar with the matter.
When asked if he would support such an investment, Store noted that the Norwegian fund had already made "significant" investments in German companies, adding: "There are many opportunities in Germany to find companies to invest in."
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