The agreement was a precondition set by MVM for the purchase of the E.ON subsidiary. In the deal that closed on the last day of September, MVM paid Ft 260 billion for E.ON Földgáz Trade and E.ON Földgáz Storage.

Industry experts say the move will give state gas trader Magyar Gázkeresked room to further reduce energy prices.

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'.