SEFE Acquires Full Stake in WIGA from Wintershall Dea
(P&GJ) — Wintershall Dea AG has finalized an agreement to sell its 50.02% stake in WIGA Transport Beteiligungs-GmbH & Co. KG and WIGA Verwaltungs-GmbH (collectively known as WIGA) to Berlin-based company SEFE Securing Energy for Europe GmbH (SEFE). SEFE, which currently holds a 49.98% stake in WIGA, will become the sole shareholder upon the completion of the transaction.
The transaction required approval from the German Federal Government, which notified an amendment of the original approval decisions for SEFE's recapitalization, considering the applicable acquisition ban. The relevant state aid approval was finalized today. However, the transaction is still pending merger and subsidy control approval by the European Commission, with an expected completion date in the summer of 2024.
WIGA holds sole ownership of German regulated gas transmission system operators GASCADE Gastransport GmbH and NEL Gastransport GmbH. These subsidiaries manage onshore gas transmission networks in Germany spanning approximately 4,150 kilometers (2,578 miles) and have direct connections to five European countries. WIGA's robust gas transportation infrastructure is instrumental in ensuring Europe's energy security.
Furthermore, WIGA Group has outlined an ambitious hydrogen strategy, aiming to play a pivotal role in the German and European energy transition. The company is poised to contribute significantly to the development of the German core hydrogen network, aligning with broader efforts towards decarbonization and sustainability in the energy sector.
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