Hungary's State Energy Company MVM To Buy German Investor's Stake
- 10 Dec 2013 8:00 AM
State energy company MVM will buy German investor RWE’s 49.83% stake in Budapest gas distributor Fõgáz, according to reports. A high ranking RWE representative met state officials and Budapest mayor István Tarlós last week, as the city owns 50% of the company. Retail shareholders have 0.17% of Fõgáz shares.
KPMG and Boston Consulting are two of the three consultancies to have assessed the value of the stake, Népszava writes.
The deal could be approved at MVM’s EGM on December 17.
Source: Hungary Around the Clock
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