The 200 million euro contract signed a year ago by the Hungarian group MVM and the E.ON group for the acquisition of 68% of the shares of E.ON Energie România and 98% of the shares of E.ON Asist Complet ends today, the Hungarian company officially announced. “MVM regrets that the Romanian government does not support […]
Hungarian energy company MVM has signed a long-term syndicated loan worth 1.2 billion euros with a consortium of 11 banks to finance the Tisza combined cycle gas-fired power plant (CCGT) in Tiszaújváros, Hungary, according to CEE Energy News. MVM plans to build a highly efficient and low-carbon power plant with a capacity of 1,000 megawatts, […]
The Supreme Council of National Defense (CSAT) decided yesterday to oppose the transaction by which the state-controlled Hungarian company MVM would have wanted to buy the Romanian electricity and gas supplier E.On and the service company E.On Assist. The CSAT decided yesterday to formally stop the transaction by which the Hungarian company MVM intended to […]
Hungarian state-owned group MVM is withdrawing from the transaction that aimed to acquire the Romanian electricity and gas supplier E.On and the services company E.On Assist, according to market sources. MVM confirmed the information, but said that the process could be resumed in the future, given the Hungarian company’s interest in the Romanian market. MVM […]
The Foreign Direct Investment Review Commission has not approved the transaction by which the Hungarian state-owned energy company MVM would take over the gas and electricity supply business of the Germans from E.On in Romania, according to sources close to the situation. The CSAT will make the final decision. The Foreign Direct Investment Review Commission […]
Hungarian state-owned energy company MVM has signed an agreement with Serbian group Maneks to increase its stake in Serbia’s largest energy construction companies, bringing its ownership to 60%. Strengthening its presence on the Serbian energy market is one of MVM Group’s priorities in the region. In addition to a favorable market environment and ongoing privatizations, […]
MOL Group and MVM Group have concluded an oil trade agreement aimed at further diversifying energy supply sources in the region, with a particular focus on landlocked Hungary and Slovakia. Through this partnership, MOL could increase the volume of crude oil from other origins processed in its refineries by up to 160,000 tonnes per year. […]
Károly Mátrai, CEO of the Hungarian state-owned group MVM, gave an interview to the local press in which he talks about the acquisition of the E.On Energie România business – the supply and services segment, an agreement signed at the end of last year but which, in order to be finalized, must be approved by […]
The state-owned company Transelectrica announced on Friday that it has registered with the Trade Register the Joint Venture GECO Power Company – Green Energy Corridor Power Company, a limited liability company based in Romania, which will implement the Green Corridor project, writes Agerpres. According to a press release published on the Bucharest Stock Exchange, the […]
Energy Minister Sebastian Burduja reiterated, on Digi 24 TV, several arguments why he is against the transaction through which the Hungarian state-owned group MVM is to take over the gas and electricity supply company E.On in Romania. “First of all, the MVM company’s ties with the Russian Federation are evident from open data. For example, […]
The Ministry of Energy announces that it has notified the Foreign Direct Investment Review Commission (FDIRS) regarding the transaction by which MVM Zrt. (Magyar Villamos Művek Zártkörűen Működő Részvénytársaság) (MVM Group), a Hungarian state-owned company, intends to acquire the gas and electricity supply division of E.ON Energie Romania, according to a press release. “Following a […]
Energy Minister Sebastian Burduja told the Financial Times (FT) that the takeover of gas and electricity supplier E.ON Energie România by Hungarian state-owned MVM could be blocked on security grounds, following the precedent of Spain, which blocked a deal to take over a railway business by a Hungarian company. “We have seen precedents in Spain […]
Energy Minister Sebastian Burduja said that the Romanian state may not approve the transaction by which the Hungarian state-owned energy company MVM is to buy the gas and electricity supply company E.On Energie România. “It will be analyzed what the MVM company is doing, where the financing comes from, where they will buy the energy […]
The Ministry of Energy has taken note of the recent decision of two European companies, E.ON and MVM, with significant implications for the electricity and natural gas supply market in Romania.Although the supply component does not include critical infrastructure elements, the Romanian state will use all legal levers for the strict assessment of this possible […]
