.
MergerLinks Header Logo

New Deal


Announced

Fluxys to acquire a 24% stake in Open Grid Europe from Macquarie Group.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For24%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private

Cross Border

Minority

Gas Distribution

Single Bidder

Germany

gas

gas transmission

Private Equity

Pending

Friendly

Acquisition

Synopsis

Edit

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

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US