Announced
Financials
Tags
Gas Distribution
Germany
gas pipeline
Private
Pending
Disposal
Domestic
Friendly
Acquisition
Majority
Single Bidder
Synopsis
SEFE Securing Energy for Europe, an integrated midstream energy company, agreed to acquire the remaining 50.02% stake in WIGA, a gas pipeline company, from Wintershall Dea, a crude oil and natural gas producer. Financial terms were not disclosed. "SEFE being the sole shareholder of WIGA would ensure that GASCADE can convert the existing high-performance infrastructure to hydrogen in the future. In this way, we can help drive forward the green energy transformation. Transportation infrastructure is a pivotal part of the future hydrogen value chain,” Egbert Laege, SEFE CEO.
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