Infinity Investments, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), has reached an agreement to sell its 24.99 percent stake in Vier Gas Holdings, the owner of Open Grid Europe (OGE), to Italian energy infrastructure company Snam for €920 million ($1 billion).
OGE owns and operates Germany’s largest natural gas transmission system. Since Infinity Investments acquired its stake in OGE in 2012, the company has significantly expanded its gas transmission network and continued to play an important role in shaping Europe’s energy future by being at the forefront of the energy transition.
“OGE is one of Europe’s leading gas transmission system operators, and its commitment to innovation has helped it become a key player in the energy transition in Europe,” said Khadem Alremeithi, executive director of the infrastructure department at ADIA. “Having supported the company for the past 13 years, the investment thesis has been proven out, a
