Business
Germany's EnBW raises stake in gas unit VNG to 84%
Germany's EnBW raises stake in gas unit VNG to 84%
About this update from Vng Corporation
German utility EnBW XETR:EBK 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.