Eric Stab, chairman and chief executive officer of GDF SUEZ Energy Romania, said the transaction concurs with the ambition to keep developing natural gas activities and energy services in Romania. He also said it represents an important step towards carrying out Congaz integration, enabling the consolidation of the position held in Dobrogea region.
GDF SUEZ Energy Romania, part of French group GDF SUEZ, became majority shareholder in Congaz in July 2014 when it acquired the 28.59% stake held by E.ON Ruhrgas International and the 28.59% stake owned by OMV Petrom.
GDF SUEZ Energy Romania operates the renewable energy, electricity and natural gas supply and distribution in Romania.
Founded in 1999, Congaz operates 850 km of pipelines and delivers natural gas to 57,000 consumers in Constanta county.