Skip to main content

HitecVision acquires Solveig Gas

Published by
World Pipelines,


HitecVision has announced that it has, through a portfolio company, signed an agreement to acquire 100% of the shares in Solveig Gas Holdco AS. Solveig Gas is a significant owner in Gassled, the Norwegian gas infrastructure which delivers approximately a quarter of Europe’s gas consumption.

The owners of Solveig Gas Holdco AS (the owner of 100% of the shares in Solveig Gas Norway AS), namely CPP Investment Board European Holdings S.á r.l., Infinity Investments S.A. and Allianz Infrastructure Norway Holdco I S.á r.l., have entered into a sale and purchase agreement regarding the sale of 100% of the shares in Solveig Gas Holdco AS to a portfolio company of HitecVision, with a commercial effective date of 1 January 2019.

Solveig Gas Norway AS is a significant owner in Gassled (25.6%), the infrastructure for transporting gas from the Norwegian shelf to the European market. Solveig Gas AS was established in 2011 and is based in Stavanger.

The closing of the transaction is subject to the approval of the Norwegian Ministry of Petroleum and Energy, the Norwegian Ministry of Finance and the Norwegian Competition Authority.

Read the article online at: https://www.worldpipelines.com/business-news/03042019/hitecvision-acquires-solveig-gas/

You might also like

TechnipFMC

[WEBINAR] Pipeline leak detection: Technologies for peace of mind

In this webinar, TechnipFMC’s Brian Woods and Daniel Mabily will cover two unique technologies for addressing leak detection, how they operate and ways to optimize them in a multilayer configuration as part of a pipeline integrity solution.
Register for free today »

 
 
 

Embed article link: (copy the HTML code below):