Announced
Financials
Sources
Tags
Private
Cross Border
Minority
Gas Distribution
Single Bidder
Germany
gas
gas transmission
Private Equity
Pending
Friendly
Acquisition
Synopsis
Fluxys, a natural gas transmission system operator, agreed to acquire a 24% stake in Open Grid Europe, a gas transmission company, from Macquarie Group, a full-service asset manager. Financial terms were not disclosed. "Fluxys’ acquisition of a stake in OGE is a perfect strategic fit. We are excited to join forces with the co-shareholders and support OGE’s forward-looking approach to make the energy transition happen. Fostering an even more robust cooperation between our subsidiaries and OGE paves the way to further strengthen security of supply and accelerate the development of cross-border hydrogen and CO2 infrastructure and scale-up decarbonisation options for society," Pascal De Buck, Fluxys CEO.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.