MVM 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.

The transaction which is subject to necessary approvals is expected to close in the first half of 2025.

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.

“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, who can continue to count on services of the highest standard. Together with the management of our future company, we aim to explore and capitalize on new synergies that will drive developments in the Romanian market and enhance MVM’s increasingly important role in the region. I am delighted and excited to collaborate with our Romanian colleagues, and I am confident that we will successfully shape our future together” − said Károly Mátrai, CEO of MVM Group.

“I would like to sincerely thank our employees in Romania for the great job they have done so far” , said Marc Spieker, Chief Operating Officer – Commercial at E.ON SE. “E.ON is continuously reviewing its portfolio to advance its strategic agenda of sustainability, digitization 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.”