Four teams bid for German gas grid
According to sources, four teams have bid for German regional gas grid operator EVG Thueringen, which operates a 1,200 kilometre gas grid in the German states of Thuringia and Saxony.
The four bidders would be the following:
- First State Investments,
- Thueringer Energie,
- Gas Union, and
- Enovos and Ardian consortium.
German utility E.ON and gas firm VNG AG, which jointly own EVG Thueringen, announced plans to sell the regional gas grid in early February this year.
The transaction value is estimated at about €350 million (US$468 million).
E.ON is trying to complete a €20 billion disposal program. Yesterday we reported that that the deadline for submission of bids for the Spanish assets of E.ON’s was August 11th. The assets have an installed capacity of 4.3 GW, mostly thermal generation but also including 1.1 GW of renewables capacity.
Power and gas grids are safe assets not very exposed to market turbulences. This type of assets offer low return and arise special interest for infrastructure investors who are looking for low risk opportunities.
Country news
-
-
August 14, 2014
NIBC European Infrastructure Fund refinances wind parks
NEIF Merinda Windpark GmbH & Co. KG, a subsidiary of Dutch NIBC European Infrastructure Fund I (NEIF), has refinanced an onshore wind farm portfolio in Lower Saxony and Saxony-Anhalt, Germany. Read more -
August 15, 2014
CHORUS Infrastructure Fund S.A. SICAF acquires wind farms in Germany
PNE WIND AG, has sold the two wind farms Sontra and Kemberg III, which are currently under construction in Germany, to a Luxemburg special fund administered by the CHORUS Group. Read more -
August 18, 2014
Herbert Smith Freehills expands German office with energy senior partner hire
Herbert Smith Freehills announced last week that it has recruited Dirk Hamann as a partner in Berlin. He joins the firm from Freshfields Bruckhaus Deringer where he became a partner in 1997 having worked at the firm (at that time Bruckhaus Westrick Stegemann) since being admitted to the German Bar in 1992. Read more -
August 20, 2014
Vattenfall and Stadtwerke München agree to co-invest in Sandbank offshore wind farm
Vattenfall and Stadtwerke München (Munich City Utilities, SWM) have decided to jointly invest about 11 billion Swedish kronor (€1.2 billion) in a second joint offshore wind farm off the German North Sea coast. Read more -
September 01, 2014
Allianz renewable fund acquires two wind parks in Germany
The infrastructure equity team at Allianz Global Investors has acquired the two wind parks, Rehfeld 12 MW and Göllnitz-West 24 MW in the German federal state Brandenburg from UKA Umweltgerechte Kraftanlagen GmbH & Co. KG. The transaction was executed through the Allianz Renewable Energy Fund. Read more
