The sale is subject to the approval by the supervisory board of RWE as well as by the EU Commission and the competent merger-control authority.

RWE chief commercial officer Leonhard Birnbaum said that Macquarie will continue to develop the company with a view to the future – also in the interests of the Thyssengas workforce.

Thyssengas is a fully functioning supra-regional gas transmission network operator, which transports almost 10 billion cubic meters of natural gas annually, via a pipeline network of 4,100km.

Macquarie is a provider of banking, financial, advisory, investment and funds management services acting on behalf of institutional, corporate and retail clients and counterparties around the world.