Czechia's largest gas supplier for sale

The consortium of investors headed by Australia's Macquarie Asset Management (MAM) has started the process of selling GasNet, Czechia's largest distributor of natural gas, Czech daily Hospodářské Noviny wrote on Monday. The valuation of the company may amount to several tens of billions of Czech crowns. The sales process is to be managed from London, where the consortium of investors, which also includes British Columbia Investment Management Corporation and Allianz Capital Partners, is based. All firms have declined to comment on the sale.

GasNet supplies gas to households and companies throughout the Czech Republic, except for Prague and the South Bohemia Region. It manages 65,000 kilometres of gas pipelines and has more than 2.3 million customers.