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.

On 29 August 2019, Vier Gas Transport GmbH successfully placed a 10 year and a 15 year dual tranche, both with a size of €500m. ased on an annual coupon of 0.125% and an issue price of 99.101%, the yield-to-maturity amounts to 0.216% p. a. for the 10 year tranche.The 15 year tranche shows a coupon of 0.500% p.a., an issue price of 98.485% and a yield-to-maturity of 0.606% p. a. The transaction was was well supported by high-quality oders and a solid oversubscription. BNP Paribas and ING acted as Global Coordinators, complemented by Commerzbank, RBC and UniCredit as active bookrunners. BayernLB, Credit Mutuel and Hessische Landesbank acted as passive bookrunners.

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.

Laurent Fortino replaces John Benedict McCarthy as managing director of Vier Gas Transport GmbH.

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.

Vier Gas Transport GmbH successfully placed a € 500m bond with a tenor of 10 years. Based on annual coupons of 1.50% and an issue price of 99.807%, the yield-to-maturity amounts to 1.521% p.a. Following a well-received roadshow, the transaction was met with high levels of interest and was significantly oversubscribed.Active Bookrunners for the issuance were BNP Paribas, Commerzbank, ING and UniCredit.

By decision dated 13 June 2018, and published today, the German Federal Network Agency (Bundesnetzagentur - BNetzA) determined the revenue cap for each calendar year of the third regulatory period (2018 to 2022) for Open Grid Europe GmbH, wholly-owned subsidiary of the issuer Vier Gas Transport GmbH.

In its decision BNetzA determined that Open Grid Europe GmbH achieved an individual efficiency factor of 100%. Besides, the content of the decision is also in line with the expectations and planning of Open Grid Europe GmbH and its parent company, the issuer, in all other respects.

The decision on the revenue cap for each calendar year of the third regulatory period (2018 to 2022) for Open Grid Europe GmbH can be viewed on BNetzA’s website:  Zur BNetzA.

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)

By decision dated 5 December 2013, and published today, the German Federal Network Agency (Bundesnetzagentur - BNetzA) determined the revenue cap for each calendar year of the second regulatory period (2013 to 2017) for Open Grid Europe GmbH, wholly-owned subsidiary of the issuer Vier Gas Transport GmbH.

In its decision BNetzA determined that Open Grid Europe GmbH achieved an individual efficiency factor of 100%. Besides, the content of the decision is also in line with the expectations and planning of Open Grid Europe GmbH and its parent company, the issuer, in all other respects.
The decision on the revenue cap for each calendar year of the second regulatory period (2013 to 2017) for Open Grid Europe GmbH can be viewed on BNetzA’s website: http://beschlussdatenbank.bundesnetzagentur.de/index.php?lr=view_bk_overview&getfile=1&file=5889

Essen, 20. December 2013. On 20. December 2013 Vier Gas Transport GmbH (Viergas) successfully established a new Revolving Credit Facility (RCF) in the amount of € 200m with a tenor of five years on improved terms. Following the successful bond refinancing in the summer of 2013, through the issuances of three public bonds amounting to a total volume of € 2.25bn, Viergas took the final step in the process of replacing its original acquisition facilities with the refinancing of its existing RCF.

Viergas had funded the acquisition of Open Grid Europe GmbH in July 2012 through secured bank financing (term loans) in the amount of € 2.2bn, which the group intended to refinance by appropriate capital market instruments in the medium term. In addition, revolving credit line commitments of approx. € 500m were available to cover capital expenditure and working capital financing requirements of the group.

After Viergas received an investment grade rating of A- by Standard & Poor´s in February 2013, three bond issues with a nominal amount of € 750m each were successfully placed in the capital markets under the existing € 5bn-EMTN-Programme in June 2013 and July 2013. The bond proceeds were used to repay the entire existing bank debt of € 2.2bn.

The revolving credit line commitments which were subsequently still available and unutilised have now been replaced by the new RCF in the amount of € 200m. The reduced volume accommodates the future financing requirements of the group.

Owing to the long tenor of the bonds maturing in 2020, 2023 and 2025 as well as the new RCF maturing in 2018, the company has a diversified maturity and well-balanced liquidity Profile.

By decision dated 2 December 2013 the German Federal Network Agency (Bundesnetzagentur - BNetzA) granted Open Grid Europe GmbH, wholly-owned subsidiary of the issuer Vier Gas Transport GmbH, the certification as “Independent Transmission Operator”.

Thus, Open Grid Europe GmbH has successfully proved that it is organized in accordance with the requirements under Sections 10 seqs. EnWG (Energiewirtschaftsgesetz - German Energy Industry Act). The certification decision has just been published on BNetzA’s website.

The certification decision