VNG AG in Leipzig prevailed in the bidding competition for the complete acquisition of the shares in Gas-Union GmbH. With the acquisition of Gas-Union, VNG is expanding its position as a leading energy group in the gas market.
The shareholders of Gas-Union had initiated the sales process via an EU-wide announcement in March 2020.
The purchase agreement was signed in Frankfurt/Main on 3 July 2020. The transaction is subject to the approval of the boards and the antitrust authorities. The transaction is expected to be completed by the end of 2020.
We, HKCF Corporate Finance GmbH in Cologne, acted as exclusive M&A advisor to VNG AG throughout all phases of the acquisition. With this demanding and challenging transaction, we have impressively underlined our position as a leading transaction advisor in the energy/public sector.
The largest shareholder of Gas-Union is currently Mainova AG with 34.27 %. Other shareholders are: RGE Holding GmbH (23.57 %), Kraftwerke Mainz-Wiesbaden AG (15.91 %), Städtische Werke AG (9.18 %), Stadtwerke Göttingen AG (6.12 %), Stadtwerke Essen AG (4.55 %) and Energie- und Wasserversorgung Mittleres Ruhrgebiet GmbH (4.55 %). Gas-Union GmbH itself previously held 1.85 % of its own shares in the company.
Read the full report (German only) on our website.
Dr. Frank Karbenn
+49 221 8002-7424