FRANKFURT Dec 19 German utility RWE
said it was streamlining its operations in the Czech Republic,
creating two separate units for its gas and sales operations in
As part of the process, funds managed by Macquarie
will acquire E.ON's, SPP's and GDF Suez'
stakes in RWE's regional gas companies VCP, SMP and JMP, RWE
said on Wednesday.
Macquarie would then swap those stakes for a 35 percent
stake in RWE Grid Holding, which will comprise RWE's Czech gas
distribution activities. RWE will also receive cash as part of
(Reporting by Victoria Bryan)