Merz says Berlin still considering stake in TenneT's German business
The Netherlands said last month it would announce in September whether it would sell a minority stake in TenneT Germany or pursue a partial IPO, in what could be one of Europe's biggest deals in 2025.
The Dutch government embarked on a dual track process for TenneT Germany after a partial sale to German state lender KfW failed to materialise last June.
'The discussion within the federal government is currently ongoing and has not yet been concluded,' Merz said in a joint news conference with Norwegian Prime Minister Jonas Gahr Store.
Norway's vast sovereign wealth fund is considering a multi-billion dollar investment in TenneT Germany, German newspaper Handelsblatt wrote earlier this month, citing people familiar with the matter.
Asked whether he would support this, Store said the fund had already made "significant" investments in German companies.
"There are many opportunities in Germany to find companies to invest in", Store said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Metro
28 minutes ago
- Metro
Eurostar-style train to directly connect UK with Berlin and two more cities
Whether it's buzzing nightlife, an inclusive LGBTQ+ scene, historical sites or just a really good Currywurst, Berlin arguably has everything you'd need from a city break. And now, if you're looking for a greener way to travel to the German capital, plans for a direct train from London have been announced – and it could significantly chop journey times. Last week, Keir Starmer signed a 'first of its kind' treaty with German Chancellor Friedrich Merz, which, as well as strengthening the relationship between the UK and Germany, also plans to establish a direct route between the capital and three German cities. Building the Eurostar-style links between London, Frankfurt and Cologne will be first on the list, while Berlin will be the final stop added across the roughly decade-long plan. At the moment, those looking to travel between the two cities need to take a Eurostar train from St Pancras to Bruxelles-Midi, changing for a service to Cologne and, finally, to Berlin Hauptbahnhof. While there are undoubtedly stunning views along the way, it takes between 10 and 11 hours door-to-door. Frankfurt isn't much better, as it can take up to nine hours, though it's hoped that the new route will shorten this to around five. This isn't the first time officials have looked at establishing a direct route between London and Frankfurt. In 2010, Deutsche Bahn tried (and failed) with proposals for the Inter City Express, but it shelved the plans after it encountered a mass of red tape and complications, including differences in train voltage, crossing borders and even tunnels. While we don't have any specifics right now, the plans have the potential to change how millions of people travel between the UK and Germany, with an estimated 3,200,000 Brits having visited in 2023. Transport secretary Heidi Alexander said that the government is 'determined to put Britain at the heart of a better-connected continent,' describing it as a 'landmark agreement.' 'A new task force will bring our nations closer together and create new opportunities for tourism, business and cultural exchange, building on a landmark deal we signed earlier this year to explore introducing direct services to Switzerland,' she added. And, as well as improving the transport links between the two, it's hoped that the London-Berlin line will support the economy in creating jobs and strengthen existing trade links, both of which are 'central' to the UK's 'Plan for Change.' Need inspiration on how to fill your time once your train arrives? Berlin is famous for its nightlife scene – but be warned, the Berghain is notoriously difficult to get into. Rumour has it that if you wear all-black, your chances of getting in are higher. If you don't manage to charm the bouncers, though, there's also the famous KitKat, a hedonistic sex club complete with a swimming pool and countless sex swings, or more PC options available at SchwuZ and Sisyphos. If you do go out on a Friday, though, you could end up partying until Monday, as the famous Berlin clubbing mantra goes. First opening its doors in 1985, the Schwules Museum (AKA, the Gay Museum) has long been a mainstay for documenting LGBTQ+ life. Found in one of the city's historic queer neighbourhoods, Regenbogenkiez is known as the Rainbow District, and has been a hub for LGBTQ+ Berliners since the 1910s. Writer Christopher Isherwood famously moved to Berlin in 1929, and local theatre Metropol (formerly the Neues Schauspielhaus) was a favourite haunt of his. Later transformed into the club, throughout the 1980s it was frequented by the likes of Depeche Mode, Morrissey, and the Human League. When it comes to foodie spots, if you're after a life-changing Currywurst, you'll be sure to find it at Konnopke's Imbiß, which started off as a sausage cart and later went on to serve East Berlin's first Currywurst in 1960. And of course, Burgermeister is known for its mouthwatering menu. If you want our recommendation, it has to be the chilli-cheeseburger. History buffs will be well acquainted with Checkpoint Charlie, a central crossing point between East Berlin and West Berlin throughout the Cold War that famously appeared in multiple spy films, including James Bond's Octopussy and The Spy Who Came In From The Cold. While the final crossing between the two divided cities was made in June 1990, these days it's possible to visit the original booth that stood there at the Allied Museum. A photograph of a US soldier towers above the site, and there's more information on display at the Mauer (which means wall in German) Museum, as well as the Trabi Museum and Cold War BlackBox. More Trending Housed inside the former home of the East German secret police, the Stasi Museum displays the various objects used by the Stasi to control the residents of the DDR, including bugs, hidden cameras, and propaganda. A hugely emotive experience, the Memorial to the Murdered Jews of Europe documents the horror of the Nazi regime. The granite network is comprised of 2,711 concrete slabs measuring 19,000 square metres, with each stone remembering the 6,000,000 Jewish people who were murdered during the Holocaust. Do you have a story to share? Get in touch by emailing MetroLifestyleTeam@ MORE: Our Travel Editors' picks of underrated destinations in the easyJet summer 2026 sale MORE: Fans slam 'atrocious' immersive Elvis Presley show with tickets up to £300 MORE: I stayed in one of Europe's grandest hotels — a time warp of Old World glamour
The Independent
28 minutes ago
- The Independent
Who is Nigel Farage's latest Reform recruit? From drink driving conviction to ‘chav shooting' post
Welsh Senedd member Laura Anne Jones has defected from the Conservatives to Reform UK, becoming the party's highest-profile defection in Wales. Nigel Farage announced the news at the Royal Welsh Show, with Ms Jones – who was first elected in 2003 – saying she could longer justify Conservative policies on the doorstep. Standing alongside Mr Farage, she said: "I've just suddenly felt that the Conservative Party was unrecognisable to me. It wasn't the party that I joined over three decades ago." She said Reform, meanwhile, was "listening to the people of Great Britain". Ms Jones is the latest in a growing list of high-profile Tories to have defected to Reform, following former Conservative Party chairman Sir Jake Berry earlier this month, as well as Dame Andrea Jenkyns and former Wales secretary David Jones. Her defection means the Conservatives are down to 14 politicians in the Welsh Parliament, ahead of crunch elections next year. But who is Ms Jones? From waitressing to the Welsh Assembly Ms Jones was first elected to the then-National Assembly in 2003, becoming the joint-first Welsh Conservative female assembly member (AM). She had the backing of the Conservative Party despite a conviction for drink-driving in 2002, which saw her banned from driving for 12 months and fined £75. Jones said after the hearing: "I've never justified drink-driving and the decision is one I deserve. I've never done it on purpose." She had been earning £5 per hour as a waitress before she was elected. Ms Jones served one term, until 2007, before returning in 2020 after the death of Mohammad Asghar. She was re-elected in 2021, for South Wales East. She once used a racist slur in a WhatsApp chat Ms Jones hit the headlines last year when it emerged she had used a racist slur about Chinese people in a WhatsApp group chat. The Senedd member used the offensive term in an exchange about the Chinese-owned video app TikTok, writing: "No c****y spies for me!" She later apologised and issued a statement, saying the word was "unacceptable and I deeply regret using it". "I sincerely apologise for any offence this has caused," she added. She apologised for saying she wanted to shoot chavs In 2021, she was forced to apologise over old Facebook posts, in which she said she 'would like to do a spot of Chav shooting", and added it is "a shame that isn't legal." She also joked about shooting the then Labour leader, Ed Miliband, saying she would become the "perfect shot" if she had "ol' Red Ed to aim at." When she wrote the posts she was not an elected politician, although she had previously served as a member of the Senedd.
The Independent
28 minutes ago
- The Independent
How to boost your pension pot now if you have no savings at all
Warnings that millions of people are heading for a retirement crisis due to a shortfall in pension savings are nothing new, but a new government review aims to tackle the issue to prevent a 'tsunami of pensioner poverty'. It's estimated that a single person will need more than £14,000 for every year of retirement, while a couple will need £22,000 to maintain a minimum level of lifestyle. It sounds a lot, but it is achievable without the need to immediately start stuffing thousands of pounds a month into an account. But how do you get there if you haven't already started saving? Check employer contributions If you're already in work, the first thing you should do is check if your employer pays the minimum three per cent of your salary or higher – some may well offer to match your own contributions, but this might only happen if you opt to pay more. For example, if you're paying in five per cent, your employer could raise their contributions by an additional two per cent, and it won't cost you anything extra or remove anything from your pay packet. Do remember to ask if it means you change pension plan, provider or anything else though, to make sure it suits your needs. Focus on building an emergency savings buffer Next, it's time to get that money in place so you don't need to worry about unexpected bills or costs. Experts say you should ideally have between three and six months' worth of expenses in an easy-access account paying a good level of interest, to cope with things such as the loss of a job, higher-than-expected living expenses or a major outlay for repairs or purchases. Again, if you're just starting out, it's important to forget the eventual size of the pension pot and focus on the first steps. If you are starting with nothing, open a new savings account and start to pay money in weekly or monthly, whichever helps you stay on track best. The consistency of seeing it grow will help you get used to building a savings buffer, and it doesn't matter if that begins with £5, £20 or whatever else you can initially afford. Cut expenses if you need to; one pint of beer fewer a week is about £6-8 (depending where you live), which could add to your savings, and one unused subscription cancelled is a monthly boost of even more than that. Regularity and time will see you hit your goals. And, if you are really in need of a quick boost to your savings, you can consider changing banks. Several will offer over £150 in cash or bring other perks to your account if you switch your current account. Check here for details, and always ensure you choose a bank or building society right for your needs, not just which offers the most immediate funds. Pensions contributions are no different The same process can see you boost your pension pot once you've got a chunk of savings you're happy with – plus, if you're putting money into a personal pension, you'll get tax relief too. For example, if you're a basic rate taxpayer and you put £80 into a pension pot, the government will add £20. Again, it seems small, but do that monthly over a 40-year work career and it's an extra £9,600 being put to work for your future. 'Putting your money away in a pension is a good place to start, rather than a standard savings or investing account. You get the perk of government tax relief on the money and this will significantly boost your pot over time, particularly as you benefit from investment returns on your own money,' said Laura Suter, director of personal finance at AJ Bell. 'The money will be locked up until your pension age, which is currently 57. It means that you can't dip into the cash if you needed it in the short term, so you need to bear that in mind, but it also means that you can't be tempted to dip into it before retirement. Even small contributions each month can add up. Putting away £100 a month, which then gets topped up to £125 a month after tax relief, would be worth almost £52,000 after 20 years, assuming 5 per cent investment growth a year after charges.' What if you earn more but have no pension? Pension concerns are far from limited to those with low earnings. There are plenty of reports, for example, of NHS staff – who would typically get a large employer contribution – opting out of that pension plan to receive a larger immediate salary because the cost of living is so high. If so, trying to take advantage before any possible rule changes might be wise. If you're a higher- or additional-rate taxpayer – with income over £50,270 this tax year – then making use of the extra tax relief can provide a huge boost to your retirement pot. There, instead of the aforementioned 20 per cent relief, you can get 40 or 45 per cent (whichever tax band you are in). The government will contribute at the basic tax rate, as your pension provider will claim it for you, and then you are able to claim the additional amounts by noting your pension contribution when you complete a self-assessment form for the tax year. It has been suggested that such relief may change in future, which makes it important to utilise existing allowances, says Reme Holland, a financial planning partner at accountancy firm Albert Goodman. 'My top advice would be to act now while we know the available allowances and reliefs,' he said. 'For an additional rate taxpayer, you can receive 45 per cent tax relief on your pension contributions, there is the ability to use the last three years of unused allowances via a mechanism known as carry forward. If a flat rate of tax relief is introduced, that could make it far more expensive to fund pension contributions in the future.'
