By signing the purchase agreement, Romanian natural gas transmission system operator Transgaz has acquired Vestmoldtransgaz, a company that operates the Moldovan section of Iasi-Ungheni gas pipeline.
According to the press release, this event marks the end of a stage in the privatization process of Vestmoldtransgaz through an investment contest and outlines one of the most significant transactions recently made by Moldovan Government, for a purchase price of some 9 million euros and an investment plan of up to 93 million euros over the next two years.
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Tags: acquisition, gas, gas pipeline, Moldova, Romania, Transgaz, Vestmoldtransgaz