MVM Acquires Majority Stake in Romania’s Leading Energy Supplier

MTI-Hungary Today 2024.12.17.

Hungarian MVM Group is set to acquire a majority stake in E.ON Energie Romania, the country’s leading energy supplier, further solidifying its regional presence. The agreement, announced on Monday, includes a 68% stake in E.ON Energie Romania and a 98% stake in the regional energy provider E.ON Asist Complet. Together, these companies serve nearly 3.4 million customers across Romania.

The deal, the value of which remains undisclosed, is expected to close in the first half of 2025, subject to regulatory approvals. E.ON Energie Romania has been a dominant player in the Romanian energy market, and this acquisition represents a significant step in MVM’s expansion strategy.

According to MVM,

this move will allow the group to enhance its position in the Central and Eastern European energy markets.

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The acquisition aligns with the group’s strategic goals to broaden its portfolio and strengthen its influence in the region. For E.ON, the transaction supports its focus on core strategic areas aimed at advancing Europe’s energy transition.

Despite the change in ownership, both companies emphasized that operational activities will continue as usual, ensuring uninterrupted services for Romanian customers. E.ON Asist Complet, providing integrated energy solutions, will also maintain its current operations under the new ownership.

Photo: Pixabay

With the addition of E.ON Energie Romania and E.ON Asist Complet, MVM will gain a foothold in one of the region’s largest energy markets, supporting its growth and the broader transition toward sustainable energy solutions.

Fact

MVM Group is Hungary’s most complex and comprehensive energy company, encompassing all segments of the energy sector, including generation, storage, trade, distribution, and innovative services such as e-mobility and smart city solutions. As the second-largest company in Hungary and the sixth-largest in Central Europe, MVM operates in 23 countries with over 140 subsidiaries, contributing approximately 3% to Hungary’s GDP and generating HUF 7,648 billion (EUR 18.7 billion) in revenue. The group plays a critical role in Hungary’s energy security, producing 70% of the country’s power, supplying nearly 50% of industrial gas needs, and ensuring 100% coverage of household gas demand through universal service providers. With over 18,000 employees and nearly 10 million customers, MVM is also a leader in renewable energy generation, driving sustainability and innovation.

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Via MTI; Featured image via Facebook/MVM Paksi Atomerőmű Zrt.