RWE Plans to Sell Net4Gas This Year, Hires JP Morgan as Adviser
February 09, 2012, 1:24 PM ESTBy Ladka Bauerova
Feb. 9 (Bloomberg) -- RWE AG, Germany’s second-largest utility, plans to put its Net4Gas unit in the Czech Republic for sale this year, spokesman Martin Chalupsky said in an e-mailed message.
The utility hired JP Morgan Chase & Co. to advise it with the sale. RWE is currently preparing background information for potential bidders, Chalupsky said.
Net4Gas operates a network of gas pipelines in the Czech Republic, which is an important transit country in Europe.
To contact the editor responsible for this story: Ladka Bauerova at lbauerova@bloomberg.net
