logo
Dutch government to decide in September on partial sale of Tennet's German operations

Dutch government to decide in September on partial sale of Tennet's German operations

Reuters30-06-2025
AMSTERDAM, June 30 (Reuters) - The Dutch government said on Monday it would announce in September whether it will sell a minority stake or do a partial initial public offering of the German arm of electric grid operator Tennet (IPO-TTH.AS), opens new tab.
"Based on the information I have received in recent weeks, I note that many investors are interested in participating in TenneT Germany," Dutch finance minister Eelco Heinen said in a letter sent to the president of the lower house of parliament on Monday.
"Originally, the decision moment between the IPO and the private issue was scheduled around the start of the summer recess," he added, saying work on the issue would continue during the summer given "both pathways" could be "promising".
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Seeking growth, Britain considers rival Heathrow expansion plans
Seeking growth, Britain considers rival Heathrow expansion plans

Reuters

time40 minutes ago

  • Reuters

Seeking growth, Britain considers rival Heathrow expansion plans

LONDON, July 31 (Reuters) - Britain's government will consider two competing, multi-billion-pound plans to build a runway to increase capacity at the country's biggest airport Heathrow that it hopes will kickstart economic growth. Finance minister Rachel Reeves in January gave her backing to Heathrow expansion as she sought to end decades of indecision due to environmental concerns. The government has said airlines' increased use of sustainable aviation fuel means airport enlargements do not necessarily derail net zero targets. Located west of London, Heathrow is Europe's busiest hub and operates at full capacity, putting a brake on Britain's economy. Its two runways compare with four each in Paris' Charles de Gaulle and Frankfurt Airport, and six at Amsterdam's Schiphol. Heathrow Airport submitted a proposal for a new runway to the government on Thursday with an estimated total price tag of 49 billion pounds ($65 billion), which it said would be privately-financed. The Arora Group, which owns land and hotels around Heathrow, said its plan for a new runway would cost under 25 billion pounds but that does not include all the development costs. Under Heathrow's plan, the runway and airfield infrastructure would cost 21 billion pounds, with the balance funding a new terminal, modernising existing infrastructure and moving a motorway. As well as a new runway at Heathrow, the government will by October 27 make a final decision on whether to expand Gatwick, the country's second largest airport, after saying it was inclined to do so in February. At Heathrow, both projects aim for the new runway to be operational by 2035. The Heathrow plan includes a full-length, 3,500-metre (11,483 ft) runway and building a tunnel to move a section of London's M25 motorway. Arora's plan is to build a slightly shorter runway without moving the motorway, but at 2,800 metres in length, it would be unable to accommodate the biggest widebody jets. Airlines, such as British Airways-owner IAG (ICAG.L), opens new tab, have long complained that Heathrow is one of the most expensive airports in the world in terms of its charges, and they have been worried expansion will mean higher fees. An IAG spokesperson said it backed a shorter runway. "Avoiding the need to cross the M25 would remove complexity, reduce costs and help deliver better value for passengers," the spokesperson said. The submissions now be reviewed by the government over the summer, the Department for Transport said. ($1 = 0.7551 pounds)

Ford blames tariffs for profit slump, says Japanese automakers have an advantage
Ford blames tariffs for profit slump, says Japanese automakers have an advantage

Auto Blog

timean hour ago

  • Auto Blog

Ford blames tariffs for profit slump, says Japanese automakers have an advantage

By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. 'It's my personal opinion that this is the best dash cam out there.' Maserati is serious about making its next flagship a manual transmission GT car with a high-powered version of its Nettuno V6, exceeding 621 horses. Is the 2025 Toyota Corolla FX more show than go? We got behind the wheel, and this is our honest review of the dark-trimmed compact sedan. View post: Why Kia's Most Popular SUV Just Got Way More Expensive Domestic Production Isn't Helping The Blue Oval Ford joined the list of automakers reporting dour financial results due to President Donald Trump's tariffs. In an earnings call Wednesday, CEO Jim Farley said the automaker was expecting a $2 billion tariff bill, and went on to claim in a separate interview that the Trump Administration's policies would benefit Ford's Japanese rivals. Automakers brace for uncertain future amid Trump's tariff pause Watch More 'Our tariffs bill is $2 billion, and that's a net number,' Farley said. The Ford CEO also said he expected automakers to adopt a regional rather than a globalized strategy going forward because of the combined effect of tariffs, the rise of electric vehicles, and new emissions regulations, Business Insider reported. The Trump Administration's rollback of EV incentives and environmental regulations will create a disparity between the U.S. and other major car markets like Europe and China. 'We are increasingly seeing Europe, North America, and Asia becoming kind of regional businesses with tariff rates that are aligned for those three or four regions,' Farley said. 'This is quite a fundamental change.' Farley Thinks Japanese Automakers Got A Better Deal Ford has claimed at that was much as 80% of its U.S. volume is domestically-assembled, but Farley still thinks the automaker is at a disadvantage compared to some foreign firms. In an interview with Bloomberg published the same day as the earnings call, he said Trump's reduced tariffs for Japan would give automakers from that country a 'meaningful' advantage. Trump recently lowered tariffs on Japanese automotive imports from 25% to 15%—the same as rates for cars assembled in the European Union going forward. Farley said lower labor costs and favorable exchange rates could mean that a Kentucky-built Ford Escape costs $5,000 more than a Toyota RAV4 assembled in Japan, while a Michigan-built Ford Bronco could be $10,000 pricier than a Toyota 4Runner, which is also built in Japan. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Farley told Bloomberg that Ford is working with the Trump Administration to 'minimize our tariff expense so that we can get more competitive,' but threatened that 'the bottom line is our plan at Ford is not to compete in those commodity segments.' Auto Industry Feels Tariff Pressure Industry analysts have raised concerns about massive tariffs since Trump first proposed them as a candidate in the 2024 presidential election, but the past few weeks have made their impact apparent. As automakers reported their first-half financial results, an evaporation of profits caused by tariff bills was a common theme. The Volkswagen Group, for example, reported that its profits were down by a third in the second quarter, from the same period a year earlier, despite increased sales. Recently-concluded trade deals with both the European Union and Japan likely won't help matters. Both drop tariffs on cars from 25% to 15%, but in the case of the EU, that's still much higher than the 2.5% tariff in place before Trump's return to the White House. About the Author Stephen Edelstein View Profile

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store