Germany's EnBW raises stake in gas unit VNG to 84%

EnBW Energie Baden Wuerttemberg AG

12/12/2025 08:08

FRANKFURT, Dec 12 (Reuters) - German utility EnBW EBKG.DE on Friday said it has agreed to increase its stake in gas division VNG VNG.UL to 84.37% from 79.83% by buying a stake from communal co-shareholder OEW for an undisclosed price.

"This decision underlines the strategic importance of VNG to EnBW, the only major integrated energy company in Germany to invest equally in the electrification of the energy system and in the transformation toward climate-neutral gases such as hydrogen," EnBW said.

 (Reporting by Christoph Steitz, Editing by Friederike Heine)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))