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BKW's shareholding in Swissgrid
BKW to sell part of its shareholding in Swissgrid
Bern (ots) - In its meeting of 15 December 2014, the Board of Directors of Swissgrid AG approved the entry of BKW Netzbeteiligung AG as a new shareholder in the share register of Swissgrid AG. The deal can therefore be closed.
BKW welcomes the decision of the Swissgrid Board of Directors to enter its subsidiary BKW Netzbeteiligung AG in the share register of Swissgrid AG. This means the deal that was announced on 25 September 2014 can now be closed. BKW will remain a shareholder in Swissgrid AG following the transfer of its shareholding. BKW holds a 50.1 per cent stake in BKW Netzbeteiligung AG, and CSA Energie Infrastruktur Schweiz holds a 49.9 per cent stake.
On 18 July 2014, BKW announced that it was planning an internal transfer of its shareholding in Swissgrid AG to a BKW-controlled subsidiary (BKW Netzbeteiligung AG).
On 25 September 2014, BKW announced that CSA Energie-Infrastruktur Schweiz would acquire a minority 49.9 per cent stake in BKW Netzbeteiligung AG. The statements contained in this press release constitute expectations and forward-looking statements. Because these statements are subject to risks and uncertainties, the actual future results may differ materially from those expressed or implied by the expectations and statements. This media release is issued in German, French, English and Italian. The German version is authoritative.
The BKW Group is a leading Swiss provider of energy services. It employs more than 3,000 people, with its partners it supplies around one million people with electricity, and it covers all stages of energy supply: from production and transport to trading and sales. In addition to pure energy supply, BKW develops, implements and operates comprehensive energy solutions for private and commercial customers, as well as for energy utility companies and local authorities. It is also committed to programmes focusing on research and development of innovative technologies to ensure a sustainable, secure energy supply.
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