Macquarie Asset Management divests stake in Czech Grid Holdings
Transactions - MARCH 21, 2024

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Macquarie Asset Management divests stake in Czech Grid Holdings

by Released

Macquarie Asset Management, on behalf of managed funds, has reached an agreement to sell a 55.21 percent stake in Czech Grid Holdings (CGH) to ČEZ Group. The terms of the transaction represent an enterprise value for the business of approximately €4 billion ($4.4 billion).

CGH owns GasNet, the Czech Republic’s largest gas distribution network, and GasNet Služby, an associated network maintenance and operations business. The regulated gas distribution network transports energy to 2.3 million connection points via 65,000 kilometers (40,000 miles) of pipelines that cover 80 percent of the country.

“GasNet is a critical component of the Czech Republic’s energy system. We are very proud to have supported the business for more than a decade, during which it has invested heavily to develop the network and significantly improved its operational and safety performance. As Europe’s energy landscape continues to evolve, it’s important that its infrastructure facilit

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