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