Four groups of bidders remain in the running for German utility E.ON AG's (EONGY) gas distribution network, Open Grid Europe, Reuters reported Wednesday citing banking sources.

Binding bids are expected in May, according to Reuters.

E.ON couldn't immediately be reached for comment, Reuters said.

One shortlisted bidding group consists of GDF Suez SA (GSZ.FR) subsidiary GRTGas, French insurer CNP Assurances (CNP.FR) and IFM Australian Infrastructure Fund, Reuters said.

Another consortium includes Belgium's Fluxys SA (FLUX.BT), Global Infrastructure Partners and, according to one source, Caisse de depot et placement du Quebec, Reuters reported.

Group three includes German insurer Allianz SE (AZSEY), Canadian Pension Plan and Dutch gas network operator Gasunie, while group four consists of Australia's Macquarie Group Ltd. (MQBKY), Abu Dhabi Investment Authority and British Columbia Investment Management Corp, according to Reuters.

Full story at http://www.reuters.com/article/2012/02/15/us-eon-loan-idUSTRE81E1MB20120215

-Dow Jones Newswires; 212-416-2900

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