Announced
Financials
Sources
Tags
Majority
gas transportation
Merger
Domestic
Single Bidder
Private
Completed
Germany
Friendly
Acquisition
Gas Distribution
Synopsis
terranets bw, an independent transport network operator for gas, agreed to merge with Gas-Union Transport, a subsidiary of Gas-Union in a $70m deal. "With the acquisition we are realizing a strategic growth opportunity. The structure and supply tasks of the two networks complement each other perfectly and offer diverse opportunities," Katrin Flinspach, terranets bw Managing Director.
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