Czech Gas Networks Investments S.à r.l. is a private limited liability company (société à responsabilité limitée) organised and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 20 Boulevard Royal, L-2449, Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg trade and companies register (Registre de commerce et des sociétés, Luxembourg) under number B233.444. Czech Gas Networks Investments S.à r.l. was incorporated in the Grand Duchy of Luxembourg on 22 March 2019 for an unlimited duration. The notarial act of incorporation was published on 11 April 2019 in the Recueil Electronique des Sociétés et Associations under reference RESA_L190058512.

News

28.3.2024
CGNI receives rating BBB+

We are pleased to announce that on 22 March 2024 Fitch Ratings has placed Czech Gas Networks Investments S.a r.l's (CGNI) Long-Term Issuer Default Rating (IDR) of 'BBB' and senior unsecured rating of 'BBB+' on Rating WatchPositive (RWP)

S&P affirmed their rating on CGNI at 'BBB+', outlook stable on 27 March, 2024.

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25.3.2024
Macquarie Asset Management divests stake in Czech Grid Holdings

Macquarie Asset Management (Macquarie), on behalf of managed funds, has reached an agreement to sell a 55.21 per cent stake in Czech Grid Holdings (CGH) to ČEZ Group. The terms of the transaction represent an enterprise value for the business of approximately €4 billion.

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15.11.2023
ESG Rating

As of November 2023, we received an ESG Risk Rating of 14.6 from Sustainalytics and was assessed to be at Low Risk of experiencing material financial impacts from ESG factors. This ESG Risk Rating places it 3rd among the Gas Utilities assessed by Sustainalytics.

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GasNet

GasNet is the largest distribution system operator in the Czech Republic.

It operates almost 65,000 km of networks with approximately 2.3 million off-take points. GasNet is the owner and operator of the distribution network of natural gas starting from the exit point of the transmission networks through gas distribution systems and delivering the natural gas to end-consumers.

GasNet’s activities are currently focused on the safety and reliability of gas supplies to its customers. In addition to natural gas distribution and capacities in the distribution network, GasNet is responsible for operating and maintaining the gas distribution network and is involved in gas balancing, dispatching and ensuring the security of supply for households.

GasNet Služby

GasNet Služby manages the daily network services activities on GasNet’s assets.

GasNet Služby operates and maintains gas installations for GasNet. The main objective is to ensure safe, reliable and economical operation of gas facilities, including inspections, repairs, maintenance, meter management and reading.

Facts & Figures

GasNet operates the largest gas distribution network in the Czech Republic by both grid length and number of connections.

GasNet covers 80% of the country’s gas distribution and manages pipelines in all regions of the Czech Republic outside of Prague and the South Bohemian Region.

65,000 km
of gas pipelines
c.70TWh / year
distributed gas
c.2.3 m
off-take points
552 EURm
revenue in 2020

GasNet Group: Background

GasNet and GasNet Služby are wholly owned by a consortium of investors led by Macquarie Asset Management (MAM), which includes the British Columbia Investment Management Corporation (BCI) and Allianz Capital Partners, representing the Allianz Group’s insurance company.

In 2019, the European Commission approved E.ON’s acquisition of innogy’s distribution and consumer solutions businesses, as well as certain generation assets, during a complex asset swap with RWE AG. Due to competition concerns, innogy Czech Republic was not permitted to be part of this deal. As a result, innogy SE and RWE AG companies signed an agreement under which they sold their stake in innogy Grid Holding, a.s., and thus their Czech gas distribution companies. The shares in innogy Grid Holding were offered to a consortium of investors led by MAM, which decided to exercise its pre-emptive right and increase its stake in the company from 49.96 to 100 percent.

Since October 2019, GasNet has become independent of the innogy Group, and the MAM-led consortium has thus become the sole owner of Czech Grid Holding, parent company of GasNet and GasNet Služby.

Shareholder structure

Corporate documents

ESG documents

Securities

Financial information

Consolidated financial statements of Czech Gas Networks Investments S.à r.l. (2023, IFRS)
10. June 2024
PDF | 2.48 MB
Condensed Consolidated Interim Financial Statements of Czech Gas Networks Investments S.à r.l. (30 June 2023)
21. September 2023
PDF | 0.61 MB
Investor Presentation: 2022 CGNI Consolidated Financial Statements & Gas Market Update
June 2023
PDF | 2.55 MB
Consolidated financial statements of Czech Gas Networks Investments S.à r.l. (2022, IFRS)
30 May 2023
PDF | 6.54 MB
Condensed Consolidated Interim Financial Statements of Czech Gas Networks Investments S.à r.l. (30 June 2022)
8 September 2022
PDF | 0.61 MB
Consolidated financial statements of Czech Gas Networks Investments S.à r.l. (2021, IFRS)
27 June 2022
PDF | 1.32 MB
Investor Presentation (June 2022) 2021 CGNI Consolidated Financial Statements & Gas Market Update inc. Response of CGNI
27 June 2022
PDF | 2.53 MB
Condensed Consolidated Interim Financial Statements of Czech Gas Networks Investments S.à r.l. (30 June 2021)
1 October 2021
PDF | 0.63 MB
Consolidated financial statements of Czech Gas Networks Investments S.à r.l. (2020, IFRS)
14 June 2020
PDF | 1.60 MB
Consolidated financial statements of Czech Grid Holding, a.s. (2020, IFRS)
14 June 2020
PDF | 4.39 MB
Condensed Consolidated financial statements of Czech Gas Networks Investments S.à r.l. for period of 1 January to 30 June 2020
14 June 2020
PDF | 0.37 MB
Consolidated financial statements of Czech Grid Holding, a.s. (2019, IFRS)
14 June 2020
PDF | 3.91 MB
Consolidated financial statements of Czech Grid Holding, a.s. (2018, IFRS)
14 June 2020
PDF | 3.18 MB
Consolidated financial statements of Czech Gas Networks Investments S.à r.l. for period of 22 March 2019 to 31 December 2019
14 June 2020
PDF | 1.03 MB