Sell-side Financial Advisor of Erdgas Ostschweiz AG
In relation to the concentration of ist natural gas procurement activities in the sister company Open Energy Platform AG, Erdgas Ostschweiz AG has sold its minority stake in SET Swiss Energy Trading AG. At the same time, its existing contract obligations with SET Swiss Energy Trading AG were dissolved. The buyers of the share package are the three regional gas supply companies and existing shareholders (Erdgas-Zentralschweiz, Gaznat and Gasverbund Mittelland) of SET Swiss Energy Trading AG.
IFBC exclusively acted during the entire process as financial advisor to Erdgas Ostschweiz AG on the sale of its minority stake in SET Swiss Energy Trading AG as well as on the termination of its existing contractual obligations with SET Swiss Energy Trading AG.
This transaction is aligned with the strategic repositioning of Swissgas, which in the future will focus on its role as a natural gas network company.
Erdgas Ostschweiz AG is one of five regional natural gas supply companies in Switzerland and has about 65 employees. The transport is environmentally friendly, mostly underground through the approximately 630 km long high-pressure natural gas network.
SET Swiss Energy Trading AG is a company founded by Swiss regional gas companies to give them market access. SET Swiss Energy Trading AG buys and sells natural gas products and other related energy products.
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