🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

Macquarie hires BAML to run sale of gas grid Thyssengas -sources

Published 23/12/2015, 12:37 am
© Reuters.  Macquarie hires BAML to run sale of gas grid Thyssengas -sources
BAC
-
MQG
-

FRANKFURT, Dec 22 (Reuters) - Australia's Macquarie MQG.AX has hired Bank of America Merrill Lynch (N:BAC) BAC.N to run the sale of German gas grid Thyssengas, two people familiar with the matter said, in a deal that could value the asset at up to 600 million euros ($656 million).

Teasers for Thyssengas, which was acquired by Macquarie in 2011, will be sent out in February, with first bids expected before Easter, one of the people said.

Macquarie and Bank of America Merrill Lynch declined to comment. ($1 = 0.9142 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.