RWE today signed an agreement for the sale of 100% of its shares in NET4GAS, s.r.o., the independent Gas Transmission Operator in the Czech Republic, to a consortium of Allianz and Borealis Infrastructure. Under the agreement, the consortium will acquire the shares for an enterprise value close to EUR 1.6 bn. This represents a normalised valuation multiple (Enterprise Value/EBITDA) of c. 9x. The closing of the transaction is expected to occur in the second half of 2013.
NET4GAS, s.r.o. holds the exclusive licence for the operation of more than 3,600 kilometres of pipelines in the Czech Republic and is responsible
NET4GAS, s.r.o. holds the exclusive licence for the operation of more than 3,600 kilometres of pipelines in the Czech Republic and is responsible
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