Hungarian state-owned energy company MVM has reached an agreement to purchase the Romanian energy retail and customer solutions businesses of the German energy company E.ON. Under the deal, MVM will acquire E.ON’s 68 per cent stake in E.ON Energie Romania and its 98 per cent stake in E.ON Asist Complet.
The transaction is subject to necessary approvals and the Romanian Ministry of Energy has announced that the state will conduct a thorough evaluation both at the national and European levels to ensure the deal complies with fundamental principles of energy security and free competition.
The acquisition will also be reviewed by the Commission for the Examination of Foreign Direct Investments (CEISD), an institution responsible for overseeing strategic investments to safeguard Romania’s interests. CEISD will assess the complex structure of MVM’s commercial relations and its sources of capitalisation, particularly those originating outside the European Union.
The Minister of Energy, Sebastian-Ioan Burduja, expressed plans to meet with MVM’s management to discuss the company’s intentions for the Romanian market and explore potential partnership opportunities.
“We will use all legal mechanisms to evaluate and decide on this transaction,” he said. “Our sole objective is to protect the national interest. Beyond analysing competition concerns, we will thoroughly examine all aspects of energy security and compliance with the principles of safeguarding critical infrastructure and the internal energy market.”
However, he added that they are open to collaborations that will strengthen Romania’s position as a strategic actor in the European energy sector. “Romania remains a pillar of stability in the region and a guarantor of energy security. We will continue to defend our strategic interests and promote regional cooperation.”