BALANCE Erneuerbare Energien GmbH (BEE), a wholly-owned subsidiary of VNG Group company BALANCE VNG Bioenergie GmbH (BALANCE), today acquired the German biogas plant portfolio of Enovos Luxembourg S.A.
VNG Innovation GmbH (VNG Innovation) and Technologiegründerfonds Sachsen Plus GmbH & Co. KG (Technologiegründerfonds Sachsen) are investing in Infrasolid GmbH (Infrasolid). The first financing round, involving a seven-digit figure, was successfully completed on August 22, 2018.
VNG AG (VNG) has today transferred all of the shares in VNG Norge AS (VNG Norge) to Neptune Energy Norge AS (Neptune Energy) following the receipt of approval from the Norwegian and Danish authorities.
VNG AG (VNG) has a new brand presentation from today onwards. The brands “Verbundnetz Gas AG” and “VNG Group” have been merged to form the new “VNG” brand. From now onwards, “VNG“ not only represents VNG AG but is also the umbrella brand for the entire VNG Group. The new logo consists of a stylized yellow ribbon in the form of a V and the acronym “VNG”. The designation “VNG” has been the official abbreviation of Verbundnetz Gas since 1990 and is valid throughout the world.
VNG AG (VNG) yesterday concluded a syndicated loan agreement and therefore secured refinancing at an early stage. The new agreement with a volume of €700 million has a term of five years. This loan provides a firm foundation for financing the company’s business operations as well as far-reaching flexibility for the implementation of future investments.
At an extraordinary General Meeting, the shareholders of VNG AG have elected Mr. Michael M. Theis to the Supervisory Board of VNG AG. As Speaker of the Management Board of LVV Leipziger Versorgungs- und Verkehrsgesellschaft mbH (LVV), Michael M. Theis succeeds Prof. Dr. Norbert Menke, previously Managing Director of the Leipzig company.
Today in Oslo, VNG AG (VNG) signed an agreement in relation to the sale in VNG Norge AS (VNG Norge) to Neptune Energy Norge AS (Neptune Energy). The transaction will be implemented with economic effect from January 1, 2018 and is subject to approval by the Supervisory Board of VNG, as well as customary regulatory approvals, with completion in Q4 2018. The agreement is the result of a review of strategic options for the Exploration & Production (E&P) business area of VNG, which was initiated at the beginning of 2018 within the framework of the “VNG 2030+” strategy.
VNG Innovation GmbH enters into partnership with Rhebo GmbH and promotes anomaly detection for industrial network security. The technology company offers industrial anomaly detection to provide seamless protection for industrial control systems against technical errors and cyber attack. The solution offered by Rhebo continuously analyses network communication and report any changes on a realtime basis. This allows the identification of threats and suspect communication patterns which previously remained unknown or undetected and may present hazards to the security and continuity of industrial environments.
As part of VNG Group’s strategic programme “VNG 2030+”, VNG – Verbundnetz Gas Aktiengesellschaft (VNG AG) will explore strategic options for its oil and gas exploration and production business in Norway and Denmark, VNG Norge AS (“VNG Norge”). As VNG AG sees long term value creation potential in the E&P-business, the main objectives are to maximise the value of VNG Norge and to support further growth to position the shareholding as a leading player on the Norwegian Continental Shelf together with a strategic partner.