The Hungarian Competition Office (GVH) is required to approve the deal before it can be realized.

The parties said that GDF group will continue to provide energy services on Hungary’s regulated retail market and operate as a gas distributor in six counties.

MET Magyarország earlier acquired the retail electricity business of GDF Suez Energia Holding Hungary.

MET Magyarország is 40% owned by Hungarian oil and gas company MOL, 50% by Cyprus-based WISD Holding Ltd. and 10% by Swiss-based MET ManCo AG.