The Spanish company Asterion has taken over the energy company Steag for 2.6 billion euros.
Asterion Industrial Partners announced in Madrid on Friday that it had signed an agreement with the current owners, an association of municipal utilities, to take over Steag GmbH.
This grouping represents the municipal utilities of Dortmund, Duisburg, Bochum, Essen, Oberhausen and Dinslaken.
Greentech Steag to become environmentally friendly energy provider
The goal is to develop Steag into an environmentally friendly energy provider. The plan is to greatly expand the Iqony division by investing in green technologies.
Our company supports the shift to environmentally friendly energy and heat,” says Jesús Olmos, chief executive of Asterion, according to a statement. Steag is well positioned to make an important contribution in Germany and Europe to the shift to clean, competitive and reliable energy sources such as solar and wind power.
Steag “in the green” – should focus on renewable energies
With a mix of different energy sources, including coal and especially gas, the energy supply can be secured during the transition period.
Steag was split into two divisions at the beginning of the year: a “black” division (hard coal-fired power generation, “Steag Power“) and a “green” division (sustainable growth business, “Iqony”).
Greentech Asterion invests in energy and infrastructure
The Spanish energy company Asterion is an investment company specialising in investments in the energy and infrastructure sectors.
The company acquires stakes in various energy companies and infrastructure projects in order to promote, develop and benefit from their know-how.
Renewable energies: Asterion focuses on solar, wind, hydropower energy and biomass plants
Asterion focuses on strategic investments that can have both long-term returns and a positive impact on the energy sector and sustainable development.
Asterion also invests in renewable energy in particular. The company shows interest in promoting renewable energy projects such as solar, wind, hydropower and biomass plants and thus in supporting the energy transition.
