Divesture of HMN Naturgas A/S
MHS Corporate Finance acted as financial advisor and exclusive M&A advisor in connection with HMN Naturgas I/S’ divesture of HMN Naturgas A/S to a consortium consisting of Eniig a.m.b.a. and
HMN Naturgas I/S divested its 100% ownership share in HMN Naturgas A/S and related operational activities for an undisclosed consideration. The transaction was signed on 4 July 2017.
For more information about the transaction, please visit here.
About HMN Naturgas
HMN Naturgas I/S is Denmark’s largest gas company supplying gas to about a quarter million households and companies. The group is owned by 57 municipalities in the areas around Copenhagen and in the northern and middle part of Jutland. The group consists of the distribution company, HMN GasNet P/S, the gas sales company, HMN Naturgas A/S, and two smaller companies related to biogas activities and sale of gas to the transport sector. The divested company, HMN Naturgas A/S, has approximately 215,000 customers.
Eniig a.m.b.a. is owned by 383,000 customer shareholders from the northern and middle part of Jutland. Eniig is active within supply of electricity and heat, fiber broadband, natural gas, street lighting, energy savings and renewable energy. The company has about 1000 employees.
SEAS-NVE a.m.b.a. is Denmark’s largest customer owned energy and fiber broadband group with over 400,000 customer shareholders. The company employs over 800 people.