MVM, the second largest company in Hungary, and E.ON have reached an agreement for the sale and purchase of E.ON’s energy retail and customer solutions business in Romania. Under the agreement, MVM will purchase E.ON’s 68% share in E.ON Energie Romania and its 98% share in E.ON Asist Complet. E.ON Energie Romania is one of the largest gas and electricity providers in Romania, with around 3.4 million customers. E.ON Assist Complet is a regional service company providing infrastructure installation and maintenance related energy services.
The transaction, which is subject to necessary approvals, is expected to close in the first half of 2025. It is in line with MVM’s regional expansion strategy, according to which the company group is constantly examining and seeking business opportunities arising on Central and Eastern European markets.
“Today marks an important milestone for MVM’s regional expansion. With this acquisition, MVM will further strengthen its position in Central and Eastern Europe, ensuring a solid foundation and continuity for its Romanian customers, said Károly Mátrai, CEO of MVM Group.
Marc Spieker, COO Commercial at E.ON SE, commented. “E.ON is continuously reviewing its portfolio to advance its strategic agenda of sustainability, digitisation and growth. The decision announced today comes at the end of a thorough analysis that took into account the dynamics and impact of changes in the energy sector on E.ON’s wider operations. The transaction will allow E.ON to focus on its most important strategic areas, in line with its objective of becoming the playmaker of the European energy transition.”
All operational activities of E.ON Energie Romania and E.ON Asist Complet will be carried out as usual, their partners and customers will continue to receive services in the future. The aim of MVM Group is to maintain and further develop the stability and future prospects of the business.
