The deal value revolves around EUR700 million, equivalent to the book value of the business.
According to Jose Garza, Premier Energy Group CEO, the transaction will enable Premier Energy to consolidate its position in Romania by bringing together electricity generation, distribution and supply, alongside natural gas distribution and supply within a single integrated platform.
DEO operates a regulated electricity distribution network in the southwestern region of Romania, spanning approximately 80,000 kilometers and serving approximately 1.5 million customers. The network represents a critical component of the national energy infrastructure and is the third largest electricity distribution network in Romania.
In terms of financing, the Company is in advanced discussions with a global financial institution regarding a potential bond offering, which is expected to include an initial bridge-to-bond financing package.
The Group intends to submit the transaction for approval to its shareholders, most likely at the upcoming Annual General Meeting of Shareholders scheduled for 10 June 2026. The completion of the transaction remains subject to the receipt of customary regulatory clearances and the fulfilment of other conditions precedent specific to transactions of this nature. The Company expects the transaction to reach financial close in the second half of 2026.
Premier Energy shares have advanced by over 50% since the start of the year and more than 100% in the past year. The company’s capitalization stands at RON5.4 billion (EUR1.07 billion).
(English version by Catalina Apostoiu)