RWE Group

WestLB Panmure, EEIP, Commerzbank and Merrill Lynch acted as joint financial advisors of RWE Gas AG in the acquisition of a 97% shareholding in Transgas and in the acquisition of 40 – 49 % shareholdings in 8 gas distribution companies.

According to the press release of National Property Fund of the Czech Republic (FNM CR) on May 16, 2002, RWE Gas AG transferred EUR 4.1 billion to privatization account of the FNM CR and became a strategic owner of the gas sector in the Czech Republic. According to the FNM CR, the purchase price paid for the state shareholdings in Transgas and eight gas distribution companies represents a great success and achieves important milestones:

  • the most successful privatization in the Czech Republic in the history
  • the biggest privatization revenue in Central and Eastern European countries in the history
  • the biggest privatization revenue in energy sector in the Central Europe in the history
  • the biggest privatization revenue in gas sector in all European countries since 2001

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