Hungary's MVM To Buy E.ON’s Gas Operations
- 6 Mar 2014 8:00 AM
State-owned energy group MVM signed a non-bonding letter of intent yesterday to buy German company E.ON’s Hungarian gas distribution companies. The agreement covers the possible partial or full acquisition of electricity and natural gas distributors E.ON Energiaszolgáltató, E.ON Közép-dunántúli, E.ON Dél-dunántúli and its client service centre.
MVM will carry out due diligence on the companies, and plans to close the acquisition by the end of this year, the company said in a statement.
Source: Hungary Around the Clock
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