Stek advises Stedin on €200 million issue of cumulative preference shares

Stek has advised Stedin on the €200 million cumulative preference shares issuance to its municipal shareholders. This capital contribution strengthens the grid operator’s equity and is required for further investment in the energy transition. Stedin Group will require capital of €1 billion up to 2030 to properly streamline the energy transition over the next few years. Please click here and here for the press releases (in Dutch).

This might also interest you

Stek advises Stedin on equity issue to 23 provinces and municipalities as new shareholders

Stek has advised grid operator Stedin Group on an equity issue of € 34,8 million to 23 new shareholders being …

Stek again victorious for USG on allocation of costs for the transportation of electricity to SABIC

Stek has successfully represented Utility Support Group (USG) B.V. (“USG”) in the continuation of its dispute with SABIC Petrochemicals B.V. …

Stek victorious for distribution system operator Liander in transmission capacity dispute

Stek successfully represented distribution system operator Liander in summary proceedings before the Gelderland District Court against one of its customers. …