Leipzig utility, Macquarie seeking to buy VNG -sources

April 17, 2015 2:53 PM

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FRANKFURT, April 17 (Reuters) - Leipzig's local utility's holding company, LVV, and Australian finance investor Macquarie are seeking to buy a majority stake in eastern German gas transmission company VNG AG, sources close to the negotiations said on Friday.

This is the latest development in a tug-of-war over complicated ownership in the company, which had sales of 7.7 billion euros ($8.3 billion) and a net profit of 224 million euros in 2014, placing it among the biggest in eastern Germany.

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