Hungary's MVM To Purchase Fõgáz Stake

  • 18 Dec 2013 8:00 AM
Hungary's MVM To Purchase Fõgáz Stake
MVM will buy a 49.8% stake in Budapest gas distributor F gáz for Ft 41 billion from Germany’s RWE, the EGM of the state energy company confirmed yesterday. State asset manager MNV will provide the funds to MVM to realise the deal.

Fõgáz will be the first privatised energy distributor to return to state hands, as its majority owner is the city of Budapest, Napi Gazdaság observes.

Source: Hungary Around the Clock

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