A rare loss for billionaire Daniel Kretinsky, Asterion agrees to buy German utility Steag for $2.8 billion
Asterion Industrial Partners, a Spanish infrastructure investor, has agreed to acquire German utility Steag from the consortium Kommunale Beteiligungsgesellschaft (KSBG), which represents the municipal utilities of the cities of Dortmund, Duisburg, Bochum, Essen, Oberhausen, and Dinslaken. The deal values Steag at approximately €2.6 billion ($2.8 billion) euros and is expected...