Allianz and Borealis Complete $2B Buy of RWE's Net4Gas
German insurer Allianz SE and Borealis Infrastructure, the infrastructure investment arm of Ontario Municipal Employees Retirement System, have completed their previously announced acquisition of Czech gas pipeline operator Net4Gas s.r.o. The company was sold by Germany's RWE Group. The joint venture deal, which has been valued at 1.6 billion euros (US$2 billion), including debt, will see Allianz and Borealis each own a 50 percent stake in Net4Gas.
8 August 2013•3 mins read
