MVM and E.ON have finalized an agreement for the acquisition of E.ON's energy retail and customer solutions business in Romania. As part of this deal, MVM Group to acquire the majority share of E.ON Energie Romania, along with its 98% interest in E.ON Asist Complet.

Source: E.ON

E.ON Energie Romania stands as one of the leading gas and electricity providers in the country, serving approximately 3.4 million customers. Meanwhile, E.ON Asist Complet operates as a regional service company, offering infrastructure installation and maintenance for energy-related services.

This transaction, pending necessary approvals, is anticipated to be completed in the first half of 2025.

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

The MVM Group to acquire the majority share of E.ON Energie Romania is a significant move in the energy market. All operational activities for E.ON Energie Romania and E.ON Asist Complet will continue as usual, ensuring that partners and customers receive uninterrupted, high-quality services moving forward. MVM Group aims to sustain and enhance the stability and future potential of the business.

This transaction aligns perfectly with MVM's regional expansion strategy, where the company consistently explores and identifies business opportunities in the Central and Eastern European markets. Moreover, the MVM Group to acquire the majority share of E.ON Energie Romania aligns with their vision of growth.