KSBG Kommunale Beteiligungsgesellschaft GmbH & Co. KG a German holding company owned by six municipalities in North Rhine Westphalia holds 100% in STEAG GmbH, together with its subsidiaries and affiliates (“STEAG Group”), is a German energy generator and service provider. At the end of 2021, STEAG Group owned and operated fossil fuel plants and renewable generation assets with a total capacity of c. 7,100 megawatts (MW), of which c. 5,200 MW are located in Germany. The group has an extensive experience in overarching energy supply chain.

As of January 1st, 2023, STEAG Group will be successfully separated into two sub-groups. One focusing on coal-fired power production in Germany and abroad and one with six business units serving the full value chain of the energy industry, incl. PV, wind, energy services, decentralized energy supply, district heating, waste to energy and energy trading.

Parties interested in bidding for the proposed transaction are invited to send their Submission of Interest by e-mail, containing the name, address and contact details of the interested party and the responsible persons in relation to the Submission of Interest, as well as name and address of mandated advisers (if any) to the approved contact persons Mr. Roman Waleczek and Mr. Kasper Taczek from Morgan Stanley Europe SE which has been hired by KSBG Kommunale Beteiligungsgesellschaft GmbH & Co. KG to act as exclusive financial adviser:

Deadline for the Submission of Interest in compliance with the requirements set out on this website is January 30th, 2023, 12:00 noon, (CEST). Any Submission of Interest received after the deadline or incomplete at such time may be disregarded.

Upon receipt of the Submission of Interest, Morgan Stanley will provide the interested parties with a process letter laying out the further information about the contents of an “Expression of Interest”, which the interested parties will have to submit. Interested parties invited to participate in the bidding process that will be run in an open, transparent, unconditional and non-discriminatory way will be selected on the basis of transparent selection criteria which will be described in the process letter following the submission of the Expression of Interest. The key selection criteria will be the highest price, hereby taking into account all terms and conditions, and the transaction security/feasibility, i.e., the ability of the purchaser to obtain all regulatory approvals, which are necessary as a precondition for closing.