Successful acquisition of the Ferngas Group for 720 million
08.12.21 by Konstantin Kottutz
As financial advisors to Versicherungskammer Bayern, we adviced on the acquisition of the Ferngas Group from First Sentier Investors for 720 million euros. Only a few days after the final bids were received by First Sentier, in the auction process handled by Rothschild & Co, the purchase agreement was signed.
As owner and operator of a regulated pipeline network of more than 3,000 kilometers in Bavaria, Thuringia, Hesse, Saxony and Saxony-Anhalt, Ferngas Group supplies more than 60 downstream gas network operators and large corporate customers. In doing so, the company is making a significant contribution to the energy transition in Germany: Ferngas is currently renewing and expanding a major pipeline in Thuringia (EGL 442) with a total investment volume of 180 million euros. In addition, the Group is supporting the first nationwide hydrogen infrastructure project, the “H2-Startnetz 2030”.