News

CGNI successfully signed a loan agreement for CZK 9.7 bn and EUR 426 m

CZECH GAS NETWORKS INVESTMENTS S.À R.L. (A-/A-) in which ČEZ, a. s. indirectly holds 55.21%, signed a loan agreement in the amount of CZK 9.7 bn and EUR 426 m for the purpose of refinancing of its existing indebtedness and for other purposes. The agreement, which provides the drawing of credit for five years, was signed with a group of eleven banks.

6/4/2026 Show more CGNI successfully signed a loan agreement for CZK 9.7 bn and EUR 426 m

S&P Global Ratings revised CGNI’s Outlook

Credit rating agency S&P Global Ratings has revised Czech Gas Networks Investments (CGNI) Outlook to negative reflecting action on majority owner CEZ; Ratings affirmed.

5/5/2026 Show more S&P Global Ratings revised CGNI’s Outlook

Fitch Affirms Czech Gas Networks Investments' IDR at 'BBB+'/Stable; SCP Improved

Credit rating agency Fitch Ratings has affirmed Czech Gas Networks Investments S.a.r.l.'s (CGNI)'s Long-Term Issuer Default Rating (IDR) at 'BBB+' with Stable Outlook and senior unsecured rating at 'A-'.

4/2/2026 Show more Fitch Affirms Czech Gas Networks Investments' IDR at 'BBB+'/Stable; SCP Improved

S&P Global Ratings Upgraded CGNI’s Rating to 'A-'; Outlook Stable

Credit rating agency S&P Global Ratings has raised Czech Gas Networks Investments (CGNI) Long-Term Issuer Credit Rating (ICR) from 'BBB+' to 'A-'.

2/19/2026 Show more S&P Global Ratings Upgraded CGNI’s Rating to 'A-'; Outlook Stable

CEZ Group completes the acquisition of Gas Distribution

CEZ Group has completed the acquisition from E.ON of a 100% stake in Gas Distribution s.r.o., the operator of the gas distribution network in the South Bohemian Region and in parts of the Vysočina Region. Through its subsidiary GasNet, CEZ is thus expanding its gas distribution network and with the exception of Prague will now distribute gas throughout the Czech Republic.

1/15/2026 Show more CEZ Group completes the acquisition of Gas Distribution

CGNI Receives AA in Its First MSCI Provisional ESG Rating

In 2025, CGNI completed its first MSCI Provisional ESG Rating and received an AA rating on MSCI’s seven-point scale (AAA–CCC). The outcome positions CGNI among the industry leaders in the management of ESG risks and opportunities.

12/17/2025 Show more CGNI Receives AA in Its First MSCI Provisional ESG Rating

Sustainability Report 2024

The annual sustainability report published by the GasNet Group is used to disclose information about impacts, processes, and responsible management practices in the area of ESG. It includes consolidated non-financial data at the GasNet Group level for the 2024 calendar year.
Read the report

9/16/2025 Show more Sustainability Report 2024

CGNI’s Acquisition of Gas Distribution Is Consistent with Rating

Czech Gas Networks Investments S.a r.l.’s(CGNI; BBB+/Stable) agreement to acquire 100% of Gas Distribution s.r.o. (GD) fromE.ON SE (BBB+/Stable) does not affect CGNI’s ‘BBB+’ rating nor its Stable Outlook, FitchRatings says.

9/11/2025 Show more CGNI’s Acquisition of Gas Distribution Is Consistent with Rating

ČEZ Group is acquiring Gas Distribution, a company operating the gas distribution system in southern Bohemia and part of the Vysočina Region

ČEZ Group has signed a purchase agreement for the acquisition of 100% of Gas Distribution s.r.o., the operator of the gas network in the South Bohemian Region and part of the Vysočina Region. With this acquisition through its subsidiary GasNet, s.r.o., ČEZ Group will expand its gas network to the last remaining region and will distribute gas throughout the Czech Republic, with the exception of Prague.

9/4/2025 Show more