Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Verbund acquires Pipeline-subsidiary from OMV
September 24, 2020
As the offer was submitted in June, the Viennese electricity company Verbund has now reached an agreement with the oil and gas group OMV on the purchase of the gas pipeline subsidiary Gas Connect. The purchase price for the 51 pct. share amounts to 271m. Including the takeover of the corresponding debt of EUR 165.9m the total purchase price amounts to EUR 436m. Gas Connect operates a natural gas high-pressure pipeline network over 900 km in Austria.
ⓘ This story was originally featured in our daily M&A Insights newsletter.
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