EnBW buys Engie's stake in German local utility MVV Energie

MVV Energie AG

16/03/2017 08:46

FRANKFURT, March 16 (Reuters) - German utility EnBW 
 EBKG.DE  on Thursday said it struck a deal to buy a 6.28 
percent stake in local peer MVV Energie  MVVGn.DE  from French 
energy group Engie  ENGIE.PA  for an undisclosed sum. 
    The purchase of the stake increases EnBW's holding in MVV to 
28.76 percent, which means it remains the group's second-largest 
shareholder after the German city of Mannheim, which hold 50.1 
percent in the group. 
 
 (Reporting by Christoph Steitz; Editing by Maria Sheahan) 
 ((christoph.steitz@thomsonreuters.com; +49 69 7565 1269; 
Reuters Messaging: 
christoph.steitz.thomsonreuters.com@reuters.net)) 
 
Keywords: MVV ENERGIE M&A/ENBW ENERGIE