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MVM made bid for E.ON’s Hungarian gas unit - paper

MVM, Hungary’s state-owned electricity wholesaler, offered €800 million ($1.2 billion) for the Hungarian gas unit of Germany utility group E.ON AG two months ago, Világgazdaság reported, without naming a source.

The unit includes gas wholesale, import contracts and underground storage. E.ON has not yet accepted the offer, demanding €1.2 billion for the unit, the newspaper said.