Acquisition of Transgas and 8 gas distribution companies

WestLB Panmure, EEIP, Commerzbank and Merrill Lynch acted as joint financial advisors of RWE Gas AG in acquisition of a 97% shareholding in Transgas and in 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 4,1 bln. EUR to privatization account of the FNM CR and became a strategic owner of the gas sector in the Czech Republic. The purchase price paid for the state shareholdings in Transgas and eight gas distribution companies represents according to the FNM CR a great success and achieves important milestones: 
  • the most successful privatization in the history of the Czech Republic
  • the biggest privatization revenue in Central and Eastern European countries in 2001
  • the biggest privatization revenue in energy sector in Central Europe in the history
  • the biggest privatization revenue in gas sector in all European countries in last 3 years

RWE satisfied with the acquisition of Transgas and eight distribution companies...

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