Business News

Mrs. Christine Wilinski has departed from the Board of Management by the end of 31 March 2024. 

Mr. Robert Pottmann and Mr. Paraskevas Fronimos replace Mr. Alexander Bögle and Mr. Timothy Keeling as managing director of Vier Gas Transport GmbH. 
Mr. Bögle and Mr. Keeling have departed from the Board of Management by the end of 24 January 2024, Mr. Pottmann and Mr. Fronimos assumed their new role effective 25 January 2024. 

On 26 September 2023, Vier Gas Transport GmbH (Viergas) successfully established a new Revolving Credit Facility (RCF) in the amount of € 600m with a tenor of five years (plus extension options for two more years) on revised terms and simultaneously cancelled the existing € 600m RCF (maturity August 2024). 
The new facility accommodates the future investments of the group and ensures a comfortable liquidity position.  

Vier Gas Transport GmbH raises the group’s EBITDA forecast for the financial year 2023 from EUR 500-600 million to EUR 750-900 million.

The company confirms the CAPEX forecast for 2023 at the current level of EUR 400–460 million.  

Macquarie Asset Management´s previously announced sale of its indirectly held 24.1% stake in Vier Gas Transport GmbH and Open Grid Europe GmbH to the Belgian Company Fluxys has been concluded on 08 March 2023. 

Mr. Pascal de Buck and Mr. Olivier Lemoine have assumed their new roles as managing director of Vier Gas Transport GmbH effective 09 March 2023. Mr. Hilko Cornelius Schomerus and Mr. Cord von Lewinski have departed from the Board of Management at the end of 08 March 2023.

On 27 January 2023, Macquarie Asset Management announced an agreement with the Belgian company Fluxys to sell its indirectly held 24.1% stake in Vier Gas Transport GmbH and Open Grid Europe GmbH. 
 
The transaction is subject to regulatory approval and the fulfilment of customary contractual conditions, closing is expected within the next 2 months.

On 15 September 2022, Vier Gas Transport GmbH successfully placed a 5 year and a 10 year dual tranche, both with a size of €500m. 

Based on an annual coupon of 4.000% and an issue price of 99.432%, the yield-to-maturity amounts to 4.128% p.a. for the 5-year tranche. The 10-year tranche shows a coupon of 4.625% p.a., an issue price of 99.608% and a yield-to-maturity of 4.675% p.a. 

The transaction was well supported by high-quality orders and a significant oversubscription. BNP Paribas, ING and UniCredit acted as global coordinators, complemented by Commerzbank and RBC as active bookrunners. BayernLB, Credit Mutuel and Helaba acted as passive bookrunners.

Mr. Luís Pisco replaces Mr. Laurent Fortino as managing director of Vier Gas Transport GmbH. Mr. Pisco assumed his new role effective 01 September 2022 and Mr. Fortino has departed from the Board of Management simultaneously.

The Management Board of Vier Gas Transport GmbH (VGT) has analysed the current development ofits business and the outlook for the rest of the financial year and has consequently decided to adjust itsguidance for the 2022 financial year.

Mrs. Christine Wilinski assumes her new role as Managing Director of Vier Gas Transport GmbH starting 01 June 2021. Previously Mrs. Wilinski was Senior Project Developer at Vier Gas Transport. 

 The current spokesman of the Board of Management Mr. Stephan Kamphues departs from the Board on 20 June 2021 and will retire. 

 "I am very much looking forward to the tasks ahead at Vier Gas Transport. We are amid the biggest transformation in the energy industry, which we need to shape proactively" said Christine Wilinski.

Mr. Timothy Keeling replaces Mr. Richard Dinneny as managing director of Vier Gas Transport GmbH.
Mr. Dinneny departs from the Board of Management at the end of 29 January 2021 and Mr. Keeling assumes his new role effective 30 January 2021.

Mr. Alexander Bögle replaces Mr. Dominik Damaschke as managing director of Vier Gas Transport GmbH. Mr. Bögle assumes his new role effective 01 April 2019 and Mr. Damaschke will depart from the Board of Management shortly thereafter.

Open Grid Europe publishes information pursuant to NC TAR

Today, Open Grid Europe GmbH (OGE), a wholly-owned subsidiary of the issuer Vier Gas Transport GmbH, has published company-related information relevant for calculation its transmission tariffs, as required by applicable statutory provisions. Pursuant to art. 30 of regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (NC TAR) OGE, as gas transmission system operator, is obliged to publish certain company-related information. This comprises pursuant to art. 30 number 1 lit. (b) i) NC TAR, inter alia, the “allowed or target revenue, or both, of the transmission system operator” for the tariff period 2019. All information published can be viewed on OGE’s website.

12 April 2018: Publication of Financial Statements 2017 and investor conference call with Dr. Frank Reiners (CFO, Open Grid Europe GmbH)12. April 2018: Veröffentlichung des Jahresabschlusses 2017 und Investor Conference Call mit Dr. Frank Reiners (CFO, Open Grid Europe GmbH)

Vier Gas Transport GmbH

Information on establishment of a new RCF in the amount of € 600m

Information on the condensed interim consolidated financial statements for the first half of 2017Information zum verkürzten Konzern-Zwischenabschluss für das erste Halbjahr 2017

Mr Stephan Kamphues, currently spokesman of the Board of Managing Directors of Open Grid Europe GmbH (“OGE“), a 100% subsidiary of Vier Gas Transport GmbH (“VGT“), shall be appointed as additional managing director of VGT as per July 1, 2017. Within VGT, Kamphues’ future task is to concentrate and drive ahead European, cross-grid and strategic subjects. Dr. Jörg Bergmann shall succeed as spokesman of OGE’s Board of Managing Directors. Until a decision has been made regarding a successor for his current position as commercial managing director (“chief financial officer”), all tasks will be controlled by the remaining three members of the OGE management team. In future, the gas infrastructure business will have to concentrate on two prime tasks. In the energy turnaround process, a key function will be assumed by it with regard to the coupling of energy sectors. Within the European context, it has to respond to significantly changing import gas flows. It is of decisive importance to drive its own development with a dynamic innovation culture. With the appointment of Stephan Kamphues, the Vier Gas Group is positioning itself for this purpose in Terms of management.

06 April 2017: Publication of Financial Statements 2016 and investor conference call with Dr. Jörg Bergmann (CFO, Open Grid Europe GmbH)06. April 2017: Veröffentlichung des Jahresabschlusses 2016 und Investor Conference Call mit Dr. Jörg Bergmann (CFO, Open Grid Europe GmbH)

20 April 2016: Publication of Financial Statements 2015 and investor conference call with Dr. Jörg Bergmann (CFO, Open Grid Europe GmbH)20. April 2016: Veröffentlichung des Jahresabschlusses 2015 und Investor Conference Call mit Dr. Jörg Bergmann (CFO, Open Grid Europe GmbH)

16 April 2015: Publication of Financial Statements 2014 and investor conference call with Dr. Jörg Bergmann (CFO, Open Grid Europe GmbH)

24 April 2014: Publication of Financial Statements 2013 and investor conference call with Dr. Jörg Bergmann (CFO, Open Grid Europe GmbH)24. April 2014: Veröffentlichung des Jahresabschlusses 2013 und Investor Conference Call mit Dr. Jörg Bergmann (CFO, Open Grid Europe GmbH)