ČEZ Group, an energy conglomerate, agreed to acquire a 55.21% stake in GasNet, a natural gas distributor, from Macquarie, a financial services group, for €847m. “In light of swiftly approaching end of coal in power and heat generation, natural gas distributed by GasNet is a crucial component of energy security in the near future. Later the role of GasNet network will continue with transporting hydrogen or other green gases. ČEZ aims to leverage its extensive experience with operation of power distribution and to focus on achieving synergies in operating both the gas and electricity networks on almost fully overlapping territories,” Pavel Cyrani, ČEZ Vice Chairman.