Hungarian MVM acquires the largest Romanian electricity company

State-owned Hungarian energy group MVM has agreed to acquire a majority stake in E.ON’s retail and customer solutions business in Romania, MVM said on Monday.

Under the agreement, MVM will acquire a 68pc stake in E.ON Energie Romania, which has close to 3.4m customers, and a 98pc stake in regional service provider E.ON Asist Complet. The transaction is expected to be closed in the first half of 2025, pending approvals from the competent authorities. The transaction value has not been disclosed.

MVM said the transaction could strengthen its regional positions and E.ON said that it would now be able to focus on key strategic areas, contributing to the energy transition in Europe.

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