The Dutch caretaker government was given the green light by parliament to continue discussions on Germany’s buyout of its biggest power grid operator from the Netherlands.
(Bloomberg) — The Dutch caretaker government was given the green light by parliament to continue discussions on Germany’s buyout of its biggest power grid operator from the Netherlands.
The talks on TenneT Holding BV’s German network were not included in the Dutch parliament’s list of issues that will be left to the next government to decide, a spokesperson for the Ministry of Energy and Climate said in response to queries.
Prime Minister Mark Rutte’s ruling coalition collapsed in July, interrupting the decision-making process in key issues ahead of a national election scheduled for Nov. 22.
The spokesperson declined to comment on the current status of the talks.
Germany made an initial non-binding offer for TenneT Holding BV in May and the Dutch responded in June, people familiar with the negotiations said in August. While the Germans were prepared to pay about €20 billion ($21.5 billion), the Dutch were expecting closer to €30 billion, said the people, who asked not to be identified discussing confidential information.
More stories like this are available on bloomberg.com
©2023 Bloomberg L.P.