Macquarie sells stake in Open Grid Europe
Transactions - JANUARY 30, 2023

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Macquarie sells stake in Open Grid Europe

by Kali Persall

Macquarie European Infrastructure Fund 4, managed by Macquarie Asset Management, has agreed to sell its 23.6 percent stake in Open Grid Europe (OGE), alongside a 0.5 percent stake owned by Halifax Regional Municipality Master Trust, to Fluxys, an independent infrastructure group active across Europe and in Latin America.

OGE, the owner and operator of a regulated natural gas transmission system in Germany, has a 12,000-kilometer (7,456-mile) pipeline network that transports gas throughout Germany to neighboring European countries. The company is actively advancing the energy transition, with the goal of creating a nationwide hydrogen and carbon-dioxide network through upgrades to its infrastructure.

“Since our investment in 2012, OGE has progressed major upgrades across its network to prepare its infrastructure for the future,” said Hilko Schomerus, a managing director at Macquarie Asset Management. “With a network spanning the length and breadth of the country,

Forgot your username or password?