Macquarie Infrastructure and Real Assets to acquire further interest in RWE Grid Holding
London, 23 February 2015
A consortium of funds managed by Macquarie Infrastructure and Real Assets (MIRA) has reached an agreement with RWE to acquire a further 15% interest in RWE Grid Holding (RGH), the largest natural gas distribution network in the Czech Republic.
The Consortium, which comprises majority investor Macquarie European Infrastructure Fund 4 (MEIF4) and another Macquarie-managed vehicle, will increase its total equity interest in RGH to 49.96%.
RGH owns and operates approximately 80 per cent of the Czech Republic’s gas distribution network, with approximately 64,500 km of gas pipeline, over 2.3 million connection points and a regulated asset base in excess of €1.5 billion.
“Following a successful and active partnership with RWE in this venture, we are delighted to be able to increase our investment in RGH. We look forward to working closely with RWE to ensure the network continues to deliver a secure and reliable gas service for its customers throughout the Czech Republic,” said Edward Beckley, European Head of MIRA.
Completion of the transaction is subject to approval from RWE AG’s Supervisory Board with final close expected to occur in March 2015.
About MEIF4 and MIRA
Macquarie European Infrastructure Fund (MEIF4) is a specialist infrastructure fund focussed on long-term investment in high quality European infrastructure businesses. It invests on behalf of pension funds and institutional investors who are attracted to the positive long-term investment attributes of well-managed infrastructure.
MEIF4 is the latest in a family of European Infrastructure Funds managed by Macquarie Infrastructure and Real Assets (MIRA). Headquartered in London, MIRA is the world’s largest manager of infrastructure assets, on behalf of pension funds, insurance companies, governments and other long-sighted investors.
MIRA manages investments in over 100 infrastructure businesses around the world, representing a total of €76 billion in assets under management. For more information, visit www.mirafunds.com.
For enquiries contact
Corporate Communications, Macquarie Group
Direct line: +44 (0) 20 3037 2311