- SEFE Securing Energy for Europe GmbH to become sole shareholder of WIGA Group
- WIGA Group’s pipeline network plays a key role in the German and European energy security and future transportation of hydrogen
- Closing is targeted for summer 2024
Wintershall Dea has entered into an agreement for the sale of its 50.02 per cent stake in WIGA Transport Beteiligungs-GmbH & Co. KG and WIGA Verwaltungs-GmbH (together WIGA) to Berlin-headquartered company SEFE Securing Energy for Europe GmbH (SEFE). SEFE currently holds a 49.98 per cent stake in WIGA and, upon closing of the transaction, will become the company’s sole shareholder. To make this possible, the German Federal Government had notified an amendment of the original approval decisions for the recapitalisation of SEFE with a view to the applicable acquisition ban. The relevant state aid approval was adopted today. The transaction is still subject to merger and subsidy control approval by the European Commission and is expected to be completed in summer 2024.
WIGA is the sole shareholder of German regulated gas transmission system operators GASCADE Gastransport GmbH and NEL Gastransport GmbH. These two independent subsidiaries of WIGA operate onshore gas transmission networks in Germany with a combined length of around 4,150 kilometres and a direct connection to five European countries. With its high-capacity gas transportation infrastructure, WIGA plays a key role in ensuring Europe’s energy security.
Additionally, with its ambitious hydrogen strategy, WIGA Group aims to play a leading role in the German and European energy transition and in the development of the German core hydrogen network.
Source: Wintershall Dea
