Under the agreement, MVM will purchase E.ON’s 68% ownership stake in E.ON Energie Romania and will take over a 98% stake in E.ON Asist Complet.
E.ON Energie Romania is one of the largest gas and electricity providers in Romania, with around 3.4 million customers. E.ON Assist Complet is a regional service company providing infrastructure installation and maintenance related energy services.
The transaction is expected to be completed in 2025, after obtaining all necessary approvals from the competent authorities. The two companies have decided not to disclose the value of the transaction.
“Today marks an important milestone for MVM’s regional expansion. With this acquisition, MVM will further strengthen its position in Central and Eastern Europe, ensuring a solid foundation and continuity for its Romanian customers, who can continue to count on services of the highest standard. Together with the management of our future company, we aim to explore and capitalize on new synergies that will drive developments in the Romanian market and enhance MVM’s increasingly important role in the region. I am delighted and excited to collaborate with our Romanian colleagues, and I am confident that we will successfully shape our future together”, said Károly Mátrai, CEO of MVM Group.
The operational activities of E.ON Energie Romania and E.ON Asist Complet will continue to operate normally, “ensuring high-quality services to partners and customers without interruptions.” MVM Group aims to maintain the stability of the acquired operations and contribute to their long-term development, the group stated.
The transaction is fully in line with MVM’s regional expansion strategy, according to which the company group is constantly examining and seeking business opportunities arising on Central and Eastern European markets.
MVM Group is the second largest company in Hungary and ranks sixth in Central Europe. With an active presence in 23 countries, over 19,000 employees, and a portfolio of over 11 million customers, both residential and corporate (including nearly two million in the Czech Republic, Slovakia, and Romania), MVM Group is an important player in the region’s energy ecosystem. MVM Group is state-owned by Hungary.