Listed holding company Opus Global on Monday said it had signed a contract on the sale of its 72.66 percent stake in Mátrai Erőmű, which operates Hungary’s second-biggest power plant, to the state-owned Hungarian Electricity Works (MVM).
Opus noted that the transaction still requires the regulatory approval of Hungarian and European Union authorities.
Pending their decision the transaction could be closed in the first quarter of 2020.
Opus has informed its investors that in the future the company wants to focus more on energy production from renewable resources, on power distribution networks and energy trading when expanding its portfolio.
- Hungary has cheapest gas, second-cheapest electricity in EU
- Hungary’s central bank promotes green mortgages
Opus Global signed a memorandum of understanding on the sale of its stake in Mátrai Erőmű to MVM on November 20.
Opus partnered with Czech utility company EPH to acquire the 72.66 percent Mátrai Erőmu stake from Germany’s RWE and EnBW in the spring of 2018. Opus agreed to buy out its Czech partner’s stake in the power plant company days later.
please make a donation here