MVM Energetika gets HUF 208 bln capital raise

Energy Trade

Share capital at state-owned energy company MVM Energetika has been raised by HUF 208 billion to HUF 796.6 bln, MVM said on December 31, according to a report by state news wire MTI.

Earlier in December, MVM got a EUR 200 million loan from the European Investment Bank (EIB) for network upgrades.

In November, it issued a EUR 500 mln bond on international markets.

In September, the company raised HUF 54 bln with a bond issued in the framework of the Bond Funding for Growth Scheme (BGS) of the National Bank of Hungary (MNB).

MVM Energetika secured HUF 100 bln of financing from a consortium of three Hungarian banks in the spring to implement the group's business strategy and support its regional expansion.

ADVERTISEMENT

EU-funded fact-checking website in Hungary launches Analysis

EU-funded fact-checking website in Hungary launches

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.