Nafta completes the acquisition of gas storage tanks in Germany from DEA
DEA Deutsche Erdoel completed sale the of three operating underground natural gas storage facilities in southern Bavaria, Germany to Slovak NAFTA.
The three underground natural gas storage facilities acquired by NAFTA are the Inzenham – West, Wolfersberg and Breitbrunn/Eggstätt facilities with a total storage capacity of 1,8 billion cubic meters.
Nafta signed the share sale contract at the beginning of March 2018 and was closed following receipt of all necessary regulatory approvals.
As part of the deal, NAFTA also acquired 19.7% stake of Storengy Deutschland in the Breitbrunn/Eggstätt storage facility to take full ownership.
The majority shareholder of Nafta is SPP Infrastructure, holding 56.15 percent of the shares with Czech Gas Holding Investment owning 40.45 percent.
Country updates
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