NAFTA, a member of the EPH Group, acquires underground gas storage facilities in Bavaria
2. 1. 2019
NAFTA a.s. (NAFTA) through its subsidiary NAFTA Bavaria GmbH has completed acquisition of underground gas storage facilities Inzenham – West, Wolfersberg and Breitbrunn/Eggstätt in the German state of Bavaria from DEA Deutsche Erdoel AG and Storengy Deutschland GmbH.
At the beginning of March 2018 NAFTA signed a Share and Purchase Agreement with DEA Deutsche Erdoel AG for acquisition of Bavarian underground storage facilities Inzenham-West, Wolfersberg and Breitbrunn/Eggstätt. The transaction was completed on 31 December 2018 after receiving all necessary regulatory approvals. As part of the transaction NAFTA has also acquired ownership of 19.7% participation interest in Breitbrunn/Eggstätt from Storengy Deutschland GmbH and became 100% owner of Inzenham – West, Wolfersberg and Breitbrunn/Eggstätt underground storage facilities, with a storage capacity of 1.8 billion cubic meters.