Tauerngasleitung GmbH Initiates Bidding Process for Sale of Shares

VIENNA, April 2, 2013 /PRNewswire/ --

Owing to the significant changes in the European gas industry and the legal framework for the energy sector, Tauerngasleitung GmbH is obliged to amend its ownership structure. As previously announced, from 2 April 2013 on interested parties will have an opportunity to invest in projects currently in the final planning stages and in the Company.

The selection of new shareholders will take place by means of a tendering process which will begin on 2 April 2013. Potential investors can find full details of the process, as well as the tender documents including the conditions for participation on the "Bidding process - extending the shareholder structure" page on the Tauerngasleitung GmbH website (http://www.tauerngasleitung.at).

Tauerngasleitung GmbH is a joint venture responsible for planning and implementing all of the preparatory measures required for the construction and operation of the 290-kilometre Tauerngasleitung, a high-pressure gas pipeline crossing the Austrian Alps. The Tauerngasleitung will connect to the German and Italian pipeline networks. The shareholders of Tauerngasleitung GmbH are E.ON Ruhrgas AG, Energie AG Oberösterreich, Salzburg AG, Rohöl-Aufsuchungs AG (RAG), KELAG and TIGAS.

Further information:
TGL-Medienkoordination:
Dr. Peter Hörschinger
c/o ikp GmbH
peter.hoerschinger@ikp.at
Tel: +43-(0)1/524-77-90-13