Under the agreement, MVM will acquire a 68% stake in E.ON Energie Romania, which has close to 3.4 million customers, and a 98% stake in regional service provider E.ON Asist Complet.
The transaction is expected to be closed in the first half of 2025, pending approvals from the competent authorities.
The transaction value has not been disclosed.
MVM said the transaction could strengthen its regional positions and E.ON said that it would now be able to focus on key strategic areas, contributing to the energy transition in Europe.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
