Stek advises Stedin on EUR 500 million equity investment by the Dutch State.
Stek has advised grid operator Stedin Group on its EUR 500 million equity contribution agreement with the Dutch State.
Stedin, the Dutch State and the Shareholders’ Committee of Stedin Group have reached agreement on an equity investment by the Dutch State in Stedin. As a result, the Dutch State will become a shareholder of Stedin taking a 11.9% shareholding interest.
The investment will strengthen Stedin’s equity position and thereby contributes to Stedin’s investment challenges in order to provide for a grid that is suited to realize the energy transition.
Completion of the transaction is subject to approval by the Dutch parliament and completion of the decision-making processes of the municipal shareholders.