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.
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