Hungary buys E.ON gas business for well under max price
Hungary has purchased E.ON's gas business in Hungary for well under the maximum price decided by the government, Prime Minister Viktor Orbán said on public radio on Friday. Orbán said all agreements on the transaction had been reached and only technical details remain to be worked out. On November 30, Orbán and chairman-CEO of E.ON Johannes Teyssen signed a declaration of intent on the transfer of E.ON's gas business to MVM. The contract on the sale was to have been signed by January 31, 2013.
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.