Amprion has two shareholders: M31 Beteiligungsgesellschaft mbH & Co. Energie KG, a consortium of utility companies and predominantly German institutional financial investors from the insurance industry, which holds 74.9% and RWE AG, which holds a 25.1% share.
The transaction between RWE and Apollo that will see the new joint venture become the owner of RWE’s stake is expected to close in the fourth quarter of 2025, subject to customary closing conditions and regulatory approvals.
RWE will retain operational control of the new joint venture and continue to manage the Amprion stake while consolidating the JV in its financial statements. Dividends from Amprion will be shared between RWE and Apollo, which will act as a long-term partner to RWE.