🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Macquarie to sell German gas network Thyssengas -source

Published 28/10/2015, 05:09 am
© Reuters.  Macquarie to sell German gas network Thyssengas -source
RWEG
-
NG
-
ALX
-

FRANKFURT, Oct 27 (Reuters) - Infrastructure investor Macquarie MQA.AX is preparing to sell German gas network operator Thyssengas GmbH, valued at 500 million euros ($552 million) to 600 million euros, a person familiar with the plan said on Tuesday.

Macquarie bought Thyssengas from utility RWE RWEG.DE in 2011. The company transports up to 10 billion cubic metres of natural gas annually through 4,200 km of underground transmission pipelines.

Handelsblatt newspaper also reported the sale in a story released in advance of publication on Wednesday. The paper cited company executives as having informed employees of the sale plan last week.

Macquarie declined to comment and Thyssengas was not immediately available for comment.

($1 = 0.9058 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.