ČEZ Group Acquires 55.21% Stake in Czech Grid Holdings from Macquarie

March 20, 2024

ČEZ Group has agreed to buy a 55.21% stake in Czech Grid Holdings (owner of GasNet and GasNet Služby) from Macquarie Asset Management for an enterprise value of approximately €4 billion. The transaction covers the Czech Republic's largest gas distribution network — roughly 65,000 km of pipelines serving 2.3 million connection points — and is expected to reach financial close in Q3 2024.

Buyers
ČEZ Group
Targets
Czech Grid Holdings
Sellers
Macquarie Asset Management (on behalf of managed funds)
Industry
Utilities
Location
Czech Republic
Transaction Type
Divestiture

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