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Announced

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

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.

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