Rumored Deal Analysis - Allianz Plans to Invest in E.ON Ruhrgas' Open Grid Europe - Deal Analysis From GlobalData

GlobalData, December 2011, Pages: 7

Rumored Deal Analysis - Allianz Plans to Invest in E.ON Ruhrgas’ Open Grid Europe - Deal Analysis From GlobalData

Summary

Allianz SE (Allianz), an integrated financial services provider, intends to acquire Open Grid Europe GmbH (Open Grid Europe), the operator of a 12,000-kilometer gas transportation network in Germany, from E.ON Ruhrgas AG (E.ON Ruhrgas), a midstream energy company, according to a German newspaper, Sueddeutsche Zeitung. The Financial Times reported the value of Open Grid Europe’s gas transportation network to be in the range of €2,000m ($2,676m) and €2,500m ($3,345.95m). E.ON appointed The Goldman Sachs Group, Inc. as financial advisor for the divestment of its network unit. The newspaper reported, "E.ON had received positive indications for the sale of the network from the government, which has the right to object to the sale of any major part of Ruhrgas.”

Scope

- Rationale behind E.ON planning to divest from Open Grid Europe,
- Strategic benefits for the companies involved,
- Geography covered - Germany

Reasons to buy

- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in European industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Germany's oil & gas market,
- Get a detailed analysis of a deal to enable you to take better decisions.

Keywords

Allianz, Open Grid Europe, E.ON, Ruhrgas, midstream, gas transportation network, Fluxys, Gazprom, GDF Suez, Russia, Pipeline, Transmission

1
1

1.1 List of Tables
1.2 List of Figures
2 Allianz Plans to Invest in E.ON Ruhrgas’ Open Grid Europe
2.1 Deal Overview
2.2 Deal in Brief
2.3 Open Grid Europe, a Subsidiary of E.ON’s Ruhrgas Unit, is the Operator of the Gas Transmission Network to Be Sold by E.ON Ruhrgas
2.4 The Sell Off is a Part of E.ON’s Plan to Divest Assets Worth €15 billion by End of 2013
2.5 Allianz, Fluxys, Gazprom, GDF Suez are the Companies Interested in Open Grid Europe
2.6 Deal Financials and Valuations
3 Appendix
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer

1.1 List of Tables
Table 1: E.ON, Divestment Details, January 2010 - November 2011
Table 2: Germany, E.ON Kernkraft GmbH, Nuclear Power Reactor Status, November 2011
Table 3: Companies Involved
Table 4: Deal Financials
Table 5: Advisor Information
Table 6: Target Information
Table 7: Acquirer Information
Table 8: Vendor Information

1.2 List of Figures
Figure 1: Open Grid Europe GmbH, Pipeline Network
Figure 2: Shareholdings of Open Grid Europe, 2011

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