Romanian government hits brakes on Hungarian MVM’s massive energy power grab
State-owned Hungarian energy group MVM announced late on Friday that in agreement with E.ON Energie Romania, it is ending its bid to acquire the Romanian company.
MVM announced on December 16, 2024 that it intended to 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.
MVM said on Friday that regretfully the Romanian government does not support the transaction, the Hungarian News Agency wrote.
MVM noted that it remains committed to portfolio diversification and international expansion. As the eighth largest company group in Central and Eastern Europe, it continues to prioritize regional business opportunities and intends to further strengthen the region’s security of supply through regional expansion.
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