EnBW increases its shareholding in MVV Energie AG based in Mannheim
Karlsruhe. EnBW Energie Baden-Württemberg AG concluded a purchase contract today with ENGIE Deutschland AG – part of the French ENGIE SA group – for the acquisition of 6.28 percent of the shares in the listed company MVV Energie AG (MVV), which has its headquarters in Mannheim. Due to this off-market transaction, the energy company based in Karlsruhe has increased its existing shareholding in MVV to 28.76 percent. This financial investment is allocated under the cover fund of EnBW.
Following an initial acquisition of 15.05 percent of the shares in MVV in 2004 and the acquisition of a further 7.4 percent of the shares in 2007, EnBW currently holds a 22.48 percent shareholding in MVV. Together with the newly acquired shares from ENGIE, the shareholding will increase to the level of a qualified minority. The contractual partners have agreed not to disclose the purchase price. The acquisition is still subject to the approval of the Federal Cartel Office and foreign antitrust authorities with respect to the rules applicable to merger control.