ČEZ, a. s. (aka ČEZ Group), the Czech Republic based renewable energy company, has acquired a 55.21% stake in Czech Gas Networks Investments S.a r.l., the Luxembourg based holding company of Czech Grid Holding, a.s. (aka CGH Group), the Czech Republic based owner and opeartor of gas distribution networks, from Macquarie Capital, the UK and Australia based boutique investment banking firm, that provides financial advisory services. The purchase price amounts to EUR 846.5m which corresponds to the equity value of the 55.21% stake being acquired. The transaction values the company at EUR 4bn on enterprise basis.
- Target – czech Gas Networks Investments S.à r.l.
- Buyer – Čez, A. s.
- Seller – Macquarie Capital (europe) limited
