RWE has signed binding agreements with five limited partners of M31 to acquire their indirect interests in Amprion, one of Germany’s four transmission system operators. After completion of these acquisitions, RWE’s total interest in Amprion will increase on a look-through basis to 55%. The aggregate purchase price across all acquisitions amounts to €3.6 billion.
All acquisitions are expected to have been completed by the third quarter of 2026. Completion is subject to customary conditions, including the necessary regulatory approvals.
Hengeler Mueller advised RWE on the transaction.
Hengeler Mueller team for RWE
Corporate/M&A: Thomas Meurer, Tobias Schneiders (both partners, both lead), Maximilian Kunzelmann, Philipp Braun (both senior associates), Sarah Schadeck, Van Nguyen, Lucas Leiper (all associates, all Düsseldorf),
Tax: Gunther Wagner (partner), Isabella Zimmerl (senior associate, both Munich),
Energy: Jörg Meinzenbach (partner), Paul David Rieger (senior associate), Luca Bellotti (associate, all Düsseldorf),
Antitrust: Markus Röhrig (partner), Christian Dankerl (counsel, both Brussels),
Regulatory: Gerrit Tönningsen (partner), Charlotte van Kampen (senior associate, both Frankfurt).