July 27, 2018 / 6:49 AM / 23 days ago

KfW plans, in future, to sell on stake in 50Hertz - ministries

BERLIN, July 27 (Reuters) - German state bank KfW's plans to take a stake in high-voltage energy network operator 50Hertz envisage the state lender selling on the stake in the future, Germany's finance and economy ministries said on Friday.

KfW has agreed to take a 20 percent stake 50Hertz, fending off an offer from China's State Grid. (Reporting by Gernot Heller Writing by Paul Carrel Editing by Caroline Copley)

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