
TenneT to Restructure Funding to Split Dutch, German Operations
TenneT Holding B.V. is planning to restructure its balance sheet as it prepares to split its Dutch and German operations.
The Dutch state-owned grid operator is creating two standalone entities — TenneT Netherlands and TenneT Germany — each with independent financing arrangements, according to a statement. The move is designed to meet the growing capital needs of its German transmission system, which is playing a pivotal role in Europe's energy transition.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
an hour ago
- Business Wire
Amsterdam-based Tebi Announces €30 Million Investment Led by Alphabet growth fund CapitalG to transform hospitality operations
AMSTERDAM--(BUSINESS WIRE)--Tebi, the Amsterdam-based startup developing an all-in-one financial operating system for hospitality, today announced a €30 million investment led by Alphabet independent growth fund CapitalG, with participation from existing investor Index Ventures. This follows Tebi's €20 million Series A announced just six months ago and brings the company's total funding to €56 million. The financing reflects the company's momentum across product innovation, hiring and expansion into new markets. The investment will support Tebi's continued growth in these key areas of focus. The company was founded in 2021 by technical alumni from Adyen, a €45B Dutch company, including serial entrepreneur Arnout Schuijff as CEO and Rob Vonk as CTO. Tebi is the third company co-founded by Schuijff, who previously served as Adyen's longtime CTO and co-founder. Aki Tas, former head of business strategy and operations at Notion, joined last fall as COO to lead the product, marketing, and foundation teams, and Patrick Studener, former COO at Wolt (now part of Doordash) and previous head of European expansion at Uber, joined at the beginning of the year as CCO to lead operational teams. The investment will fuel Tebi's mission to transform operations for hospitality businesses worldwide. Until now, businesses have had to cobble together difficult-to-use solutions that lack key features, handle back-office tasks slowly and manually, and make it difficult to assess business performance. Tebi is rethinking hospitality technology from the ground-up, unifying the point of sale, payments, inventory management, a kitchen display system, reservations, and QR ordering functionality through an intuitive, mobile-first platform built on an accounting backbone. By being built around the point of sale, Tebi can coordinate both operations and finances for complex hospitality businesses. AI-enabled onboarding enables businesses to get started quickly, while the comprehensive platform simplifies and unifies workflows and makes key business metrics easily viewable. Merchants across the Netherlands are already processing nine figures of payments annually on the platform. With this new investment, Tebi plans to accelerate product development, expand its reach globally, and grow its team. Beginning today, Tebi will also begin serving the UK market, marking the beginning of a broader global expansion strategy (UK customers can find Tebi at "Hospitality businesses are the lifeblood of our communities, yet they've been underserved by technology, especially here in Europe," said Arnout Schuijff, co-founder and CEO of Tebi. "No one opens a restaurant or store because they love paperwork and integrating tools; they do it for the passion of serving people. It's a privilege to build a world-class team devoted to empowering European business owners to free up time to focus on the craft and customers they cherish.' 'We are thrilled to partner with Tebi as they build the operating system for hospitality businesses,' said Alex Nichols, Partner at CapitalG. 'Even though most small business front and back office workflows revolve around payments, three-quarters of Europe's SMB payments are disconnected from software. By unifying these disjointed systems, Tebi is bringing greater efficiency and visibility to small business owners' daily work. Arnout and his team combine focused customer centricity, speed, and unique founder-market fit. We couldn't imagine a better team to pursue this massive opportunity.' "Moving from disconnected systems – our previous POS software, a separate reservations platform, paper kitchen tickets, and a standalone payments provider – to Tebi's single integrated platform led us to embrace a new mindset at Zoldering. We approached it as if we were starting fresh, letting go of old habits to realize a seamless workflow from reservation to service to kitchen. Tebi has not just replaced our old systems; it has enabled a new way of working by unifying our data, streamlining communication between front and back of house, and offering the flexibility to adapt workflows to our specific needs – exactly what's required to maintain the standards expected of a Michelin-starred restaurant,' said Tomas and Job from Zoldering. Tebi currently employs 35 people and is planning to double its headcount by the end of the year with roles open in Amsterdam and London. About Tebi Tebi is an all-in-one financial operating system for independent hospitality businesses. Founded in 2021, Tebi provides a comprehensive, mobile-first solution that includes point of sale, integrated payments, a kitchen display system, reservations, inventory management, QR ordering, and bookkeeping. With its unique pricing model and commitment to merchant success, Tebi is dedicated to empowering hospitality businesses everywhere. To learn more about adopting Tebi for your business, visit Tebi is currently hiring across all functions, including engineering, product management and operations in both Amsterdam and London. Visit Tebi's careers page to see all open positions.
Yahoo
2 hours ago
- Yahoo
Dortmund sign Bellingham brother Jobe from Sunderland
Jobe Bellingham (right) playing for Sunderland in the Championship (Paul ELLIS) Borussia Dortmund have signed English midfielder Jobe Bellingham from Sunderland until 2030, five years after bringing older brother Jude to the club. Dortmund announced the signing on Tuesday, the final day of the Club World Cup transfer window. Advertisement "The England U21 international put pen to paper on a five-year deal with the eight-time German champions on Tuesday morning," Dormund said in a statement. Dortmund reportedly paid a fee of around 33 million euros ($37 million), with five million in additional bonuses, to secure the midfielder's services, the most the club has paid up front for a player. "I'm very happy to be a Borussia Dortmund player now and to fight for titles together with this great club," said 19-year-old Bellingham. "I want to play my part in celebrating success with these great fans here and will work on myself and with the team every day. And I'm very happy that I'll be wearing the black and yellow jersey at the FIFA Club World Cup." Advertisement Dortmund's transfer record remains the 35 million euros paid to bring Ousmane Dembele from Rennes in 2018 although this was originally 15 million euros which rose by 20 million in sell-on fees once the player transfered to Barcelona. "Jobe is an extremely talented footballer with an impressive level of maturity and intelligence on the pitch for someone so young," said Lars Ricken, BVB Managing Director for Sport. "We have no doubt that he's the perfect fit for our philosophy of developing talented youngsters and giving them the opportunity to improve and establish themselves at the highest level. "His professionalism, his dynamism and his hunger to succeed will make him a real asset for our team." Advertisement At 19, Jobe is two years younger than his Real Madrid and England midfielder brother. In moving to Dortmund, Jobe will follow in Jude's footsteps of trading the Championship for the Bundesliga and the Westfalenstadion. After leaving Birmingham City, Jude spent three seasons at Dortmund and has become one of the most recognisable players in world football since joining Real in 2023. As he did at Sunderland, the younger Bellingham will wear 'Jobe' on his jersey at Dortmund rather than his last name in a bid to distinguish himself from his brother. Jobe scored four goals and laid on three assists in 40 games for Sunderland this season as he helped the club win promotion to the Premier League. Advertisement - Brotherly face-off - Jobe's signing means the two brothers could face off in this season's expanded Club World Cup in the United States, if Dortmund meet Real Madrid during the knockouts of the competition. Jude Bellingham joined Dortmund from boyhood club Birmingham in 2020 aged 17 for around 23 million euros, a fee which rose to 30 million euros when a sell-on fee was added after his 100 million euro move to Real Madrid. He made 132 appearances in yellow and black, scoring 24 times and laying on 25 assists, and helped them win the German Cup in 2021 alongside Erling Haaland and Jadon Sancho. Advertisement After leaving Dortmund, Jude faced off against his former side in the 2023-24 Champions League final, with Real winning 2-0 at Wembley. Jobe became the second-youngest Birmingham City player behind his brother when he made his debut aged 16 years and 107 days. He was named the young player of the season in the English second flight, again following in his brother's footsteps, five years on. "He's fit as a fiddle and raring to go," said club sporting director Sebastian Kehl. "He's determined to forge his own path at Borussia Dortmund and make his mark on how we play, and we're confident that he will do exactly that," added Advertisement After a disappointing 2024-25 campaign, Dortmund snuck into fourth after a late-season flurry, picking up 22 of a possible 24 points in their final eight games and will take part in next season's Champions League. Dortmund kick off their Club World Cup campaign against Fluminense on June 17. dwi/ea/bsp

Wall Street Journal
2 hours ago
- Wall Street Journal
IKEA Store Owner Ingka Group Buys Dutch Solar Farms
STOCKHOLM–Ingka Group, which owns most IKEA stores globally, bought a portfolio of solar parks in the Netherlands from Swiss-based infrastructure investment manager Susi Partners. The acquisition was made by the company's Ingka Investments investment arm and adds three solar parks with a capacity of 76.3 megawatts to its portfolio of renewable assets. Together, the solar parks generate enough energy for more than 24,000 Dutch households.