RWE starts auction for German grid

first_img Tags: NULL KCS-content Wednesday 11 August 2010 8:22 pm whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoHero WarsBig Boss of internet games!Hero WarsUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndoNinjaJournalistAdvertisement 25 Cute Baby Animals That Will Melt Your HeartNinjaJournalistUndo More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comPuffer fish snaps a selfie with lucky divernypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com Show Comments ▼center_img whatsapp GERMANY’S RWE, Europe’s fifth-largest utility, said it has launched an auction process for the sale of its gas transmission network Thyssengas.RWE, which has to sell the business by March 2011 after settling an EU antitrust investigation, said it was expecting expressions of interest for the grid by 25 August.“We contacted potential investors from Germany and abroad last week. We hope to get answers from serious investors by 25 August and finish the process by the end of the year,” an RWE spokeswoman said late yesterday.One source who declined to be named, but who is familiar with the deal, said Thyssengas is estimated to have a regulated asset base of around €500m.A consortium of Bavarian gas company Bayerngas and local utilities Stadtwerke Dortmund, Dortmunder Energie und Wasser, Stadtwerke Bochum, Munster and Gelsenwasser is interested in bidding for Thyssengas, spokespeople for it said.The sale could attract financial investors such as infrastructure funds, though German gas infrastructure deals have recently struggled.RWE shares closed down 2.3 per cent to €54.2, in line with the German blue-chip DAX index, which closed down 2.1 per cent. Share RWE starts auction for German grid last_img

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