E.ON Energie Romania is the absorbing company and E.ON Gaz Furnizare is the absorbed company. The actual date of the merger is September 30, 2020.
Following the merger of the two companies, the natural gas supply contracts of E.ON Gaz Furnizare customers will be automatically taken over by integrated electricity and natural gas supplier E.ON Energie Romania, as absorbing company.
The decision regarding the merger was approved by the Extraordinary General Meetings of Shareholders of the two companies. The rationale behind the decision is that, along with the liberalization of the natural gas market, the segment of regulated customers disappears, therefore, the presence on the market of a distinct entity for the natural gas supply, namely, of E.ON Gaz Furnizare, which covers this segment, is no longer justified. Following the merger, the interaction with customers will be a lot more simplified, with the existence of a single supply company which will be managing a sole portfolio of customers.
The merger will enable E.ON Energie Romania to strengthen its foothold on the Romanian energy market and customers will enjoy solutions complementary to the natural gas supply service: heating or air conditioning, technical or electricity supply services, which have so far targeted only eligible customers.