FS DE Energy GmbH reached an agreement in principle to acquire 45.1% stake in MVV Energie AG (XTRA:MVV1) from EnBW Energie Baden-Württemberg AG (XTRA:EBK) and RheinEnergie AG for approximately €750 million on March 25, 2020. FS DE Energy GmbH agreed to acquire 45.1% stake in MVV Energie AG (XTRA:MVV1) from EnBW Energie Baden-Württemberg AG (XTRA:EBK) and RheinEnergie AG on April 2, 2020. EnBW Energie Baden-Württemberg AG and RheinEnergie AG respectively owns 28.76% and 16.34% stake in MVV Energie. In a related transaction, FS DE Energy launched a take over bid for the remaining 54.9% stake in MVV Energie. The signing of the deal is subject to required board, council and regulatory approvals. On July 6, 2020, It has received all the needed approvals.

Matthias Hentzen, Carl-Philipp Eberlein, Christian Strothotte of Hengeler Mueller Partnerschaft von Rechtsanwälten mbB acted as legal adviser for MVV Energie AG. Perella Weinberg Partners LP acted as financial advisor for EnBW Energie Baden-Württemberg AG and RheinEnergie AG. Florian Harder, Dirk Horcher, Marc Trinkaus, Matthew Devey, Christoph Barth, Mark Nuttall, Christopher Bremme of Linklaters acted as legal adviser for FS DE Energy GmbH. Florian Ropohl of Ernst & Young Global Limited acted as accountant for FS DE Energy GmbH. Hans Günter Wolf, Christiane Stäcker, Tim Wilkowski of B. Metzler GmbH acted as financial advisor to FS DE Energy GmbH.