MVM Group and E.ON have finalized an agreement for the sale and purchase of E.ON’s energy retail and customer solutions operations in Romania. As part of the deal, MVM Group will acquire a 68% stake in E.ON Energie Romania and a 98% stake in E.ON Asist Complet.

E.ON Energie Romania is a leading gas and electricity provider in the country, serving approximately 3.4 million customers, while E.ON Asist Complet provides regional infrastructure installation and maintenance services related to energy.

Pending regulatory approval, the transaction is expected to close in the first half of 2025.

Karoly Matrai, CEO of MVM Group, described the acquisition as a significant step in the company’s regional expansion. He emphasized that the deal would strengthen MVM’s position in Central and Eastern Europe while ensuring high-quality service for Romanian customers.

Despite the acquisition, all operations at E.ON Energie Romania and E.ON Asist Complet will continue as usual.

MVM Group is the second-largest company in Hungary and the sixth-largest in Central Europe. The company operates in 23 countries, employs over 19,000 people, and serves more than 11 million customers, including nearly 2 million in Romania, the Czech Republic and Slovakia.