RWE Pulls In $2B On Czech Gas Grid Sale To Allianz, Borealis

Law360, Los Angeles (March 28, 2013, 7:14 PM EDT) -- German utility RWE AG on Thursday signed a $2 billion contract with Allianz SE and Borealis Infrastructure for the sale of its gas transmission unit Net4Gas s.r.o., which operates 2,200-plus miles of gas pipelines in the Czech Republic, according to the companies.

The sale of the transmission system operator by Germany's largest power producer to the consortium of Allianz and Borealis — a German multinational insurance company and a Canadian infrastructure company, respectively — is expected to close in the second half of the year....
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