RWE Said to Delay Czech Gas Pipeline Bids Amid Gazprom Dispute

RWE AG, the second-largest utility in Germany, has pushed back the deadline for final bids for its natural gas pipeline unit in the Czech Republic as a dispute with its biggest supplier, OAO Gazprom, complicates the process, according to people familiar with the matter.

Binding offers for Net4Gas are now due by February instead of the end of November, said the people, who asked not to be identified because talks are private. They have been asked to reconfirm this month their interest in the asset, which may struggle to fetch about 1.4 billion euros ($1.8 billion), said one of the people.