Allianz SE, Borealis To Buy RWE' AGs Net4Gas For $2 Billion-Reuters

Thursday, 28 Mar 2013 01:39pm EDT 

Reuters reported that Allianz SE and a Canadian investor agreed to pay some EUR1.6 billion ($2 billion) including debt for a Czech gas pipeline operator. The purchase of RWE AG's Net4Gas unit is the latest in a string of acquisitions in the field of power and gas grids, which are attracting pension funds and insurers due the promise of steady returns amid low bond yields and volatile equities. 

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