Mainova AG engages in ongoing discussions to acquire additional shares of Thüga Holding GmbH & Co. KGaA
Current status of the transaction
Mainova AG, a multi‑utility company listed on the Frankfurt Stock Exchange, has announced that it is in continuous negotiations with Enercity AG and other shareholders concerning a possible acquisition of additional shares in Thüga Holding GmbH & Co. KGaA. The announcement was released as an insider disclosure on 13 November 2025 in compliance with Article 17 of Regulation (EU) No 596/2014.
Context of the deal
Thüga Holding, the parent company of the city‑utility group Thüga, is currently the subject of a significant transaction. Enercity, the regional supplier headquartered in Hannover, is negotiating to sell its stake in the group. According to reports from the German financial portal ZfK, the proposed sale price is approximately one billion Euro. The transaction is expected to reshape the ownership structure of Thüga and may affect voting rights and governance.
Implications for Mainova
By participating in these negotiations, Mainova seeks to strengthen its position within the Thüga group. A larger shareholding could enhance Mainova’s influence over the group’s strategic decisions, particularly in areas related to natural gas supply, electricity distribution, and infrastructure development in the Frankfurt region and surrounding areas.
Market reaction
The announcement has been noted by market participants, with Mainova’s shares currently trading at €340 on the Frankfurt Stock Exchange as of 11 November 2025. The company’s price‑to‑earnings ratio stands at 4.93, and its market capitalisation is €2.27 billion. No immediate change in the trading price has been observed following the disclosure.
Regulatory compliance
Both the press releases and the insider disclosure statements were issued through EQS News, a service of the EQS Group. They contain the necessary details regarding the WKN and ISIN identifiers of Mainova’s securities (WKN 655 346 / ISIN DE 000655 346 4 and WKN 655 340 / ISIN DE 000655 340 7) and confirm that the company is listed on the General Standard segment of the regulated market in Frankfurt am Main.
Conclusion
Mainova AG’s ongoing negotiations to acquire additional shares of Thüga Holding represent a strategic move to deepen its involvement in the regional utilities sector. The forthcoming outcome of the discussions with Enercity and other shareholders will determine the extent of Mainova’s influence within the Thüga group and could have broader implications for the utilities market in Germany.
