June 18, 2018 12:39 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Gas Connect Austria GmbH

Company Overview

Gas Connect Austria GmbH constructs and operates natural gas high-pressure pipelines in Austria. It also engages in the marketing, transportation, and storage of gas. The company distributes through natural gas stations, compressor stations, and metering and transfer stations in Austria. The company also exports gas to Croatia, France, Germany, Hungary, and Slovenia. Gas Connect Austria GmbH was formerly known as OMV Gas GmbH and changed its name to Gas Connect Austria GmbH in January 2012. The company was founded in 2001 and is based in Vienna, Austria. Gas Connect Austria GmbH operates as a subsidiary of OMV Aktiengesellschaft.

floridotower

Floridsdorfer Hauptstraße 1

Vienna,  1210

Austria

Founded in 2001

Phone:

43 1 27500 0

Fax:

43 127500 88299

Key Executives for Gas Connect Austria GmbH

Managing Director and Member of Management Board
Age: 57
Managing Director and Member of Management Board
Age: 49
Head of Sales Transmission Department
Head of Sales Distribution
Compensation as of Fiscal Year 2017.

Gas Connect Austria GmbH Key Developments

Gas Connect Shortlists Of Potential Buyers

OMV Aktiengesellschaft (WBAG :OMV) has drawn up a shortlists of potential buyers for 49% in its gas grid unit Gas Connect Austria GmbH, The list reportedly comprises Energeticky a Prumyslovy Holding, a.s., Snam S.p.A. (BIT:SRG) and Allianz New Europe Holding GmbH with fund Borealis Infrastructure. The stake is worth an estimated €500 million. Still the sale may be problematic for political reasons as well as due to the lack of agreement on the deal within OMV supervisory board.

OMV Aktiengesellschaft Seeks Buyers For 49% Stake Sale In Gas Connect

OMV Aktiengesellschaft (WBAG:OMV) is seeking buyers for a 49% stake sale in Gas Connect Austria GmbH the press reported on July 20, 2016. The list reportedly consists of Energetický a prumyslový holding, Snam S.p.A. (BIT:SRG) and Allianz Austria with Canadian pension fund Borealis Infrastructure Trust.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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