Munich utility company increases stake in M-net to 77%
The utility company in Munich, Stadtwerke Munchen (SWM), has increased its stake in operator M-net from approximately 63.8 percent to around 76.8 percent. SWM has acquired shares from existing shareholders N-ERGIE Nurnberg, ESTW Erlangen, and infra furth, to strengthen M-net's strategic position in the market. Other shareholders in M-net are Allgsuer Uberlandwerk (AUW), which is increasing its stake to 10 percent, and Stadtwerke Augsburg (swa), with an unchanged stake of 13.2 percent.