Thyssengas divestiture completed
The Supervisory Board of RWE as well as the EU Commission and the German Federal Cartel Office had previously approved the divestiture. Further details of this transaction are subject to confidentiality.
Thyssengas is a fully functioning supra-regional gas transmission network operator with some 280 employees. It transports almost 10 billion cubic metres of natural gas annually via a 4,100- kilometre pipeline network.
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services acting on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 15,500 people and had assets under management of €225bn at 30 September 2010.
Funds managed by Macquarie Infrastructure and Real Assets, part of Macquarie Group, have a strong track record in responsible investment in utilities and infrastructure, including investments in Thames Water, the water company for London, and Wales & West Utilities, a regulated gas distributor in Wales and the west of England, and Techem, a leading German energy services provider.
RWE is one of Europe's five leading electricity and gas companies. It is active in the generation, trading, transmission and supply of electricity and gas. More than 70,000 employees supply over 16 million customers with electricity and approximately 8 million customers with gas. In fiscal 2010, RWE recorded about €53 billion in revenue. RWE is the No. 1 power producer in Germany, No. 2 in the Netherlands, and No. 3 in the UK.