DIF Infrastructure IV and EDF Invest acquire Thyssengas, a German gas transportation network

DIF Infrastructure IV and EDF Invest, as equal shareholders in a consortium, have signed an agreement for the acquisition of 100% of Thyssengas, a German gas transportation network, from Macquarie.

Thyssengas owns 4,200km of gas transportation pipelines serving industrial and municipal clients in North-Rhine-Westphalia. The company has a long standing history in the region, employs over 250 people, and realizes its allowed revenues largely under the regulation of the German Federal Network Agency (Bundesnetzagentur).

Advisors to the transaction are Royal Bank of Canada (financial advisor), Clifford Chance (legal), PwC (regulatory, tax, model audit, financial), Poyry (technical and commercial), Willis (insurance).

DIF is an independent and specialist infrastructure fund management company, managing funds of approximately €3.3 billion. DIF invests in infrastructure assets that generate long term stable cash flows, including PPP / PFI / P3, renewable energy assets and other core infrastructure assets in Europe, North America and Australia.

EDF Invest is the unlisted investment arm of EDF’s Dedicated Assets, the asset portfolio which covers its long-term nuclear decommissioning commitments in France. EDF Invest targets three asset classes: Infrastructure, Real Estate and Private Equity.