Hungary's MVM To Buy E.ON’s Gas Operations

  • 6 Mar 2014 8:00 AM
Hungary's MVM To Buy E.ON’s Gas Operations
State-owned energy group MVM signed a non-bonding letter of intent yesterday to buy German company E.ON’s Hungarian gas distribution companies. The agreement covers the possible partial or full acquisition of electricity and natural gas distributors E.ON Energiaszolgáltató, E.ON Közép-dunántúli, E.ON Dél-dunántúli and its client service centre.

MVM will carry out due diligence on the companies, and plans to close the acquisition by the end of this year, the company said in a statement.

Source: Hungary Around the Clock

This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.

Photo for illistration purposes only

  • How does this content make you feel?