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Eon sale of gas pipeline generating interest

German insurer Allianz and Belgian gas network group Fluxys are among five companies that have shown interest in a domestic gas pipeline operator being sold by Eon, the German utility.

The 12000 KM gas transportation network run by Eon unit Ruhrgas.

People briefed on the matter told the Financial Times that some five companies ” other financial groups and rivals from the energy sector ” had voiced interest in Open Grid Europe, which Eon wants to sell by mid-2012.

The move, which could bring €2.5bn, is part of an asset sales programme meant to bolster Eon’s balance sheet. Eon and Allianz declined to say anything, while Fluxys did not answer requests to comment.

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