Macquarie to acquire the remaining 50% of Innogy Grid from RWE for €1.8bn.

Consortium led by investment company Macquarie Group agreed to acquire the remaining 50% of Innogy Grid, the Czech energy distribution system operator, from RWE, a German electric utilities company, for €1.8bn ($2bn). Completion is subject to merger control proceedings and the transfer of RWE’s stake in innogy to E.ON. The Macquarie consortium already owned 50% of Innogy Grid and it was exercising an option to buy the portion it did not already own. “GasNet provides an essential service within the Czech Republic’s energy sector. This investment represents an exciting opportunity for us to continue to support GasNet’s growth with long-term institutional capital. GasNet is a reliable and efficient network, and we are committed to ensuring it continues to meet the needs of its employees, customers, and the communities it serves.” Leigh Harrison, MIRA Head of Europe, the Middle East, and Africa.