NAFTA a.s. (NAFTA) through its subsidiary NAFTA Bavaria GmbH has completed acquisition of underground gas storage facilities Inzenham – West, Wolfersberg and Breitbrunn/Eggstätt in the German state of Bavaria from DEA Deutsche Erdoel AG and Storengy Deutschland GmbH.
At the beginning of March 2018 NAFTA signed a Share and Purchase Agreement with DEA Deutsche Erdoel AG for acquisition of Bavarian underground storage facilities Inzenham-West, Wolfersberg and Breitbrunn/Eggstätt. The transaction was completed on 31 December 2018 after receiving all necessary regulatory approvals. As part of the transaction NAFTA has also acquired ownership of 19.7% participation interest in Breitbrunn/Eggstätt from Storengy Deutschland GmbH and became 100% owner of Inzenham – West, Wolfersberg and Breitbrunn/Eggstätt underground storage facilities, with a storage capacity of 1.8 billion cubic meters.