RWE celebrating 10 years on the Czech market

On 29 January 2002 the contract of the privatisation of Transgas, a.s. and regional gas distribution companies was signed between the CR’s government and RWE Gas AG.

This year, RWE celebrates the 10th anniversary of its entry into the Czech market. RWE became known to the public in 2002 after buying a majority share in the joint-stock company Transgas and shares in gas distribution companies from the National Property Fund of the CR at EUR 4.1 bn. It has created a strong energy company from these companies over the following years; it supplies natural gas and electricity to more than two million customers in the local market nowadays. RWE belongs to the biggest European energy group. It accomplished is the biggest privatisation project in the Czech Republic since 1989.

A press release issued on the occasion of the 10th anniversary of RWE´s entry into the Czech market you will find here.