First State eyes more of Germany's small energy grids

   

Its European Diversified Infrastructure Fund (EDIF) has up to 2 billion euros ($2.15 billion) in investor capital to buy further gas or power networks in Germany, said Gregor Kurth, associate director at First State Investments, the asset management arm of Commonwealth Bank of Australia (CBA) .
   

"We're happy with our two acquisitions so far, but we're not satisfied yet," Kurth said.
   

First State has acquired two gas distribution system operators from top German utility E.ON over the past two years. 
   

Germany has roughly 900 DSOs which supply 49 million customers, mostly households, and form the backbone of the country's power supply.

   

"We're happy with our two acquisitions so far, but we're not satisfied yet," Kurth said.

   

First State has acquired two gas distribution system operators from top German utility E.ON over the past two years. 
   

Germany has roughly 900 DSOs which supply 49 million customers, mostly households, and form the backbone of the country's power supply.