Rijksoverheid

Adviser

Van Lanschot Kempen acted as Adviser to the Dutch State on the proposed €500m investment in the Dutch regional network company Stedin.

Transaction highlights

The Dutch state proposes to invest €500m in the regional network company Stedin. By contributing equity, the Dutch state becomes a shareholder in the company
This capital contribution is at the request of Stedin in order to continue to invest sufficiently in the electricity grid
Stedin invests heavily in the electricity grid to guarantee quality and ensure that there is sufficient capacity for sustainability and expansion in the future. In order to continue investing in the coming years, Stedin and its shareholders have requested the state to meet a capital requirement of €500m. The government proposes to grant this request.
Minister Jetten for Climate and Energy: “It is crucial that the expansion of the electricity grid continues at a high pace. Much more space is needed for all households and companies that want to produce electricity themselves in the coming years or switch from fossil energy to sustainable electricity.”
Minister Kaag of Finance: “We face a major task with the energy transition. Access to the energy network is essential and the energy network must be robust and future-proof. With this capital contribution, the government would like to contribute to safeguarding the public interest in the energy supply.”
This transaction marks Van Lanschot Kempen’s third Infrastructure and Renewables transaction in the last six months, underpinning the ability of Van Lanschot Kempen to support companies in the Infrastructure and Renewables landscape.

Company description

Stedin Group is a regional network company that is responsible for the network in most of South Holland and the provinces of Utrecht and Zeeland. This network includes approximately 2.3 million connections for both households and business customers. Together with their shareholders and other stakeholders, they are working to achieve the energy transition. The company carries out regulated activities as a grid manager and, as a group, perform a number of non-regulated activities that are closely linked to the energy infrastructure.

Stedin Group is a public organisation whose shareholding is currently in the hands of 44 municipalities in the service area where Stedin has been appointed as regional grid operator. The company operates and has its registered office in the Netherlands.

Background Van Lanschot Kempen Infrastructure & Renewables

This transaction is yet another significant milestone for Van Lanschot Kempen’s Infrastructure & Renewables franchise, as we continue to support our clients that are actively shaping the energy transition.
This transaction underscores our expertise and ability to successfully execute complex assignments
Since 2020, Van Lanschot Kempen has advised on more than 110 transactions across various sectors and countries, with a total deal value of over €30 billion

For more information, please feel free to contact us

Maarten de Zeeuw

m.dezeeuw@vanlanschotkempen.com