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Announced

Enagas to acquire a 10% stake in Hanseatic Energy Hub.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

gas transmission

Minority

Pending

flexible liquified natural gas

Gas Distribution

Acquisition

Private

Friendly

Single Bidder

Cross Border

Synopsis

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Enagas, a natural gas transmission company, agreed to acquire a 10% stake in Hanseatic Energy Hub, a gas distribution company. Financial terms were not disclosed. "With the Hanseatic Energy Hub in the Hamburg metropolitan region, we are developing an import terminal that will secure Germany's supply of LNG and green gases and at the same time prepare for the market ramp-up of hydrogen. Enagás not only shares our vision, but also contributes with comprehensive technical expertise to help us make it a reality quickly and reliably," Johann Killinger, HEH Managing Director.

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