ENKSZ completes purchase of EDF Démász
Hungaryʼs state-owned utilities company ENKSZ (First National Public Utility Ltd.) announced today it has completed its acquisition of EDF Démász, a regional electricity distributor, from Franceʼs EDF International, Hungarian news agency MTI reported.
The companyʼs new name will be Démász from March 1. The sale and purchase contract was signed on December 5 last year.
Démász supplies about 775,000 retail and business customers in southeast Hungary.
ENKSZ earlier acquired stakes in the regulated market business of regional electricity distributors ELMŰ and Émász from Germanyʼs RWE.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.