MVM to become sole proprietor of Paks, Vértesi power plants
The state-owned Hungarian Electricity Works (MVM) will buy all shares in the Paks nuclear power plant and the Vértesi power plant, which are not yet state owned, MVM said after a decision taken at a general meeting yesterday.
MVM will acquire 883 shares in nuclear power company MVM Paks Atomerőmű and 40,428 shares in Vertesi Erőmű to become the sole owner of both companies. The decision was taken based on amendments to legislation on the efficient operation of state-owned companies in force from December.
The changes made it legally possible for the state to buy out stakes in companies that offer basic services to households or businesses and in which state ownership already reaches 90%.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
