RWE is set to become the majority owner of German transmission system operator (TSO) Amprion after agreeing to acquire additional indirect shares in the company and completing a EUR 4 billion equity capital raise to finance the transaction.

The German energy company announced on 22 June that it had reached agreements with five shareholders of investment vehicle M31 to acquire indirect stakes in Amprion for a total of EUR 3.6 billion. Upon completion, RWE’s pro-rata ownership in the TSO will increase to 55 per cent from 25.1 per cent.