The two companies are Energyall Distribution SRL and Energiafoto SRL, both established by George Danut Vintila and Dan-Mihai Gheorghita and have four solar power projects with a capacity of 13.7 MW under development.
RCS&RDS, the company owned by businessman Zoltan Teszari, had not returned ZF’s calls for comment and the sellers could not be reached.
RCS&RDS posted EUR479 million revenue from its Romania operations alone last year and is the number one fixed Internet and TV service provider, a position partly due to aggressive acquisitions of smaller rivals.
Solar energy is touted as the next boom of the renewable power business, after wind power has already attracted more than EUR2.5 billion investments in Romania.
(English version by Loredana Fratila-Cristescu)