The assets consist of seven companies, including electricity distribution networks, energy supply and the Fantanele Cogealac wind park, among others.
It said transaction documentation was signed today Friday and the closing of the transaction is subject to receiving approval from European antitrust authorities and the Romanian Supreme Council of National Defense.
ČEZ Group and MIRA have reached an agreement on the sale of all three business segments that were included in the transaction: electricity distribution, energy supply and an operational renewable energy portfolio. ČEZ Group remains active in Romania, focusing on its trading (CEZ Trade Romania) and energy services business (High-Tech Clima). Société Générale (together with its group companies Komerční banka and BRD–Groupe Société Générale) acted as Exclusive Financial Advisor to the ČEZ Group on the sale.
MIRA is the world’s largest infrastructure manager and is part of Macquarie Group, a top 10 Australian company by market capitalization. MIRA is a long-term investor with extensive experience managing essential electricity infrastructure around the world.