Bloomberg News

RWE Plans to Sell Net4Gas This Year, Hires JP Morgan as Adviser

February 09, 2012

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


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