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MET Group completes RWE Energie Romania takeover

Met Group is now the official owner of RWE Energie Romania after the successful completion of the company's share purchase transactions. This new acquisition strengthens the group's position on the non-residential energy market and places the company among the top energy suppliers in Romania.

2018-09-04 14:28:50

MET and Innogy groups signed an agreement in May on the acquisition by the MET of RWE Energie (RWEE) Romania, owned by Innogy.

MET Group is present in Romania through its subsidiary MET Romania Energy SA. "The acquisition of RWEE represents an excellent opportunity to integrate on the Romanian market a considerable portfolio of electricity supply with the potential to achieve synergies and to extend MET operations in Romania", the company says, adding that "by combining the two portfolios, MET will reach a market share of almost 10%, the third position on the competitive energy market in Romania, with a total of about 5000 consumption points".

The main activity of RWEE is the supply of electricity and natural gas to business customers in Romania, with an emphasis on SME customers, especially energy intensive industries and chain of stores.



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