Opus-EPH acquisition of Mátrai Erőmű completed
MTI
Mátra Energy Holding announced on Wednesday that it has acquired a majority of 72.66% of shares in power plant Mátrai Erőmű. Listed holding Opus Global owns 50% of Mátra Energy Holding through Status Power Invest, while the other 50% is owned by EPH, a Czech vertically integrated energy utility.
According to an announcement posted on the Budapest Stock Exchange website, Status Power Invest, a unit of Opus Global, has acquired 36.33% of shares in Mátrai Erőmű. Opus Global is a listed company owned by the oligarch Lőrinc Mészáros, a figure close to the government and Prime Minister Viktor Orbán.
With the acquisition announced last year and completed on Wednesday, Status Power Invest and EPH now hold a combined 72.66% ownership in Mátrai Erőmű, while a third party, the state-owned Hungarian Electricity Works (MVM), has retained a 26.15% stake in the power plant company.
The majority stake acquisition by Mátra Energy Holding has been completed following the fulfillment of its necessary obligations, the statement says. To complete the transaction, in addition to paying the purchase price, Mátra Energy Holding had to obtain permission from the Hungarian Energy and Public Utility Regulatory Authority (MEKH), as well as from the European Commission.
By purchasing the share packet from RWE Power and the EnBW group, Mátra Energy Holding has acquired a majority stake in the power station in Visonta (northeast Hungary), the adjoining industrial park, the countryʼs largest solar power plant, and two lignite surface mines in Visonta and Bükkábrány, business daily Világgazdaság noted.
Report Points to Increased Risk on Commercial Real Estate Ma...
Chinese President to Visit Budapest in May
Hungarian Gen Z Auto-buyers Prioritize Affordability
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
