Prague The Hungarian company MVM Group has been the new wholly-owned owner of innogy esk republika and the entire energy group innogy in R.
After the transaction was recently approved by the European Commission, the process of selling the entire innogy business in R was now completed by the transfer of the action between the German concern E.ON SE and MVM. He shared this talk innogy in R Martin Chalupsk. The company emphasized that nothing was changed for customers, all contracts and prices of natural gas and electricity under salary.
The successful acquisition of Innogy will lead to our ambitious development strategy. The purchase of a strong and well-established energy game in the Czech Republic for MVM represents a significant milestone in the implementation of expansion in the region of Central and Eastern Europe. Gyrgy Kbor, CEO and Chairman of the Board of Directors of MVM Group, said that we will contribute to the strengthening of competition on the Czech market.
The European Commission approved the decision of the Hungarian company MVM to buy Czech innogy |
According to him, the Hungarian group does not implement changes in the management of innogy in R. On the contrary, it is dark to cooperate with the current leadership of the group. Together, we want to take advantage of new synergies and develop innoga’s strong position in the Czech market, Kbor added. MVM has agreed to acquire esk innogy from the German company E.ON SE in July this year. The transaction prices were not disclosed by the companies.
The innogy brand is the largest gas supplier in the Czech Republic, with 1.2 million gas customers and 0.4 million electricity customers. Kon for ns nron period of uncertainty, which lasted two and a half years. Even under external pressure, we were able to operate in strong competition. With the new owner, we want to further develop the products, services and philosophy of innogy, said Tomnocop, CEO of innogy Czech Republic.
Innogy groups in the Czech Republic have recently been affected by the transformation at the European level. As part of an agreement on the exchange of assets, RWE bought the innogy group from RWE, the E.ON group. The European Commission allowed the acceptance only if certain conditions were met, including the first sale of innogy gas and electricity activities in the Czech Republic. Among several recipients, MVM finally succeeded first.
With MVM, the potential of a wide portfolio of business activities has opened up. Among other things, electricity production, trading on the wholesale commodity market in Europe, other options for natural gas storage or access to liquefied natural gas (LNG) supplies from a terminal in the Croatian Krk, Varcop added.
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MVM Group is a Hungarian energy company with the largest shares in the local electricity and gas market. The group of piblin with 15,000 employees is one of the five largest companies in Hungary. Among other things, it owns a nuclear power plant, steam gases and solar power plants, the operators of the state and the market in the natural gas market.
The innogy group in the Czech Republic, which employs 1,500 people, is formed by the companies innogy Energie, innogy Zkaznick služby, innogy Energo, innogy TelNet Holding and the company innogy esk republika.
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