EQT Set to Sell Swedegas to Spanish/Belgian Consortium
March 24, 2015
EQT has reached an agreement to sell portfolio company Swedegas to a consortium that includes Belgium-based Fluxys, as well as a unit of Spain's natural gas transmission company Enagás. Transporting approximately 1.2 billion Nm3 of gas annually to distributors and industrial end-users directly connected to the network, Swedegas is the owner of Sweden's entire gas transmission network consisting of 601 km of pipelines. EQT initially acquired the company via its €1.2 billion EQT Infrastructure vehicle in February 2010.