Australia's First State buys 45.1% in Germany's MVV for $816 mln

MVV Energie AG

02/04/2020 19:14

FRANKFURT, April 2 (Reuters) - Australian infrastructure
investor First State Investments has agreed to buy a 45.1% stake
in German regional utility MVV Energie  MVVGn.DE  for 753
million euros ($816 million), it said on Thursday.
    The stake, held by EnBW  EBKG.DE  and RheinEnergie  RHEI.UL 
is being sold at a price of 25.43 euros per share, First State
Investments -- a unit of Mitsubishi UFJ Financial Group  8306.T 
-- said, a discount of 3.3% to Thursday's closing price.
($1 = 0.9232 euros)

 (Reporting by Christoph Steitz)
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